The Income Tax Department conducted a search at a Delhi residential property; among the seized assets were three M.F. Husain paintings — a 1962 oil on canvas, a 1978 oil on canvas and a 1995 acrylic on canvas.
The 1962 oil on canvas — horse subject, 122 × 152 cm — represented a mature mid-career Husain work with a documented family provenance dating to the 1965 acquisition.
The 1978 Mahabharata-series oil, 91 × 122 cm, benefited from a premium subject, large scale and documented provenance, with comparable evidence in the ₹4–6 crore range.
The 1995 acrylic on canvas, depicting a mother-and-child theme, was assessed in the ₹1.2–1.8 crore range, reflecting its later period and comparatively less robust provenance trail.
The valuation was developed painting-by-painting, rather than applying a single collection-level multiplier, allowing the certificate to reflect period, subject, scale, provenance and market evidence for each work.
A grandfather in Hyderabad gifted a Mughal court miniature to his granddaughter — a late-Akbar-period Persian-inscribed miniature depicting a court scene. The work had been acquired in 1972 from a documented private collection.
The gift was at zero consideration; the granddaughter’s deemed income equals the FMV of the work at the date of the gift.
Mughal court burnishing patterns were confirmed as period-appropriate.
Lapis ultramarine in the blue passages provided an imperial atelier indicator.
The Persian inscription was consistent with Akbar-period imperial atelier calligraphy.
Four documented Mughal court miniatures from the late-Akbar period sold through Christie’s Islamic and Indian Art and Sotheby’s Arts of the Islamic World during 2022–2024.
Equivalent range: ₹38–62 lakhA Kolkata family was administering the estate of a deceased great-aunt who had owned a collection of eight Bengal School works, including three paintings attributed to Nandalal Bose.
Stylistic and signature analysis confirmed the three Nandalal Bose attributions.
Raking light and UV examination identified documented in-painting from a 1970s–1980s restoration affecting one work.
The family had held the works since the great-aunt's acquisition in the 1940s from a documented Calcutta source.
The 1920s works are now more than 100 years old at the test date and fall within the stated AATA notifiable antiquity context.
Certificates established the valuation date consistently for the heirs' Section 49 cost basis.
A Mumbai-based collector decided to donate an F.N. Souza painting — a 1958 European-period oil on canvas — to a Section 80G-registered Indian art museum. Documented provenance was complete back to the artist's 1958 production.
1958 fell within Souza's most commercially significant European-period production.
The figural head-study subject was consistent with a highly marketable category.
Oil on canvas supported its positioning within the relevant comparable set.
Complete provenance traced the work back to the artist's 1958 production.
A comprehensive insurance refresh for a 12-painting contemporary Indian collection.
A Bengaluru-based contemporary art collector with a portfolio including Subodh Gupta, Bharti Kher, Atul Dodiya, Anjolie Ela Menon, T.V. Santhosh, Riyas Komu and Jitish Kallat required a comprehensive insurance schedule update.
The collector's Bharti Kher work — a 122 × 152 cm mixed-media work with characteristic bindi treatment — was assessed against current comparable records.
The schedule maintained current FMV information while documenting condition, irreplaceability considerations and conservation requirements relevant to underwriting.
Get Expert Advice +91-9999992343