Charitable trust registration requires a specified-violation notice; settled cash deposits and related-party payments did not justify cancellation or ...
External development charges trigger TDS under section 194C, while disputed administrative payments require factual verification and fresh adjudicatio...
Section 270AA penalty immunity requires identified statutory defaults and a hearing before rejection; reassessment disclosure may constitute under-rep...
Section 80JJAA employee-cost deduction allowed for deployed staff but barred against transfer-pricing income enhancement, with pricing issues remanded...
Transfer-pricing methodology protects commercially genuine associated-enterprise payments, while pre-2016 secondary adjustments and related notional i...
Negative liens over operating assets can constitute international transactions requiring arm's-length pricing reflecting restricted borrowing and expa...
Cross-examination rights in Customs Broker revocation inquiries require witness examination; procedural denial may be cured through fresh adjudication...
The MoF notification exempts works of art and antiques from Basic Customs Duty when imported for public exhibition in museums or art galleries. Exemption is contingent upon the importer being the museum/gallery establishment, submitting an undertaking that imported items will not be sold or traded, and obtaining a certification from an Authorized Officer confirming unrestricted public access. Additionally, antiquities must be registered with the Archaeological Survey of India within 90 days of importation. The exemption applies to statuary, pictures, public memorials, and items defined as "antiquity" under the Antiquities and Art Treasures Act, 1972, subject to specified conditions.
The MoF notification exempts works of art and antiques from Basic Customs Duty when imported for public exhibition in museums or art galleries. Exemption is contingent upon the importer being the museum/gallery establishment, submitting an undertaking that imported items will not be sold or traded, and obtaining a certification from an Authorized Officer confirming unrestricted public access. Additionally, antiquities must be registered with the Archaeological Survey of India within 90 days of importation. The exemption applies to statuary, pictures, public memorials, and items defined as "antiquity" under the Antiquities and Art Treasures Act, 1972, subject to specified conditions.
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