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Adjudication for Assessing Stamp Duty required to be made by Determining True Market Value of Property: Bombay HC [Read Order]
In a recent decision the Bombay High Court held that the adjudication for assessing stamp duty is required to be made by determining the true market...
![Used Digital Multifunction Machine can be Released on Payment of Redemption Fine of 10% and Penalty of 5% of Enhanced Value of Imported goods in Absence of Market Value: CESTAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/Used-Digital-Machine-Released-Payment-Redemption-Penalty-Value-Imported-goods-CESTAT-TAXSCAN.jpg "Used Digital Multifunction Machine can be Released on Payment of Redemption Fine of 10% and Penalty of 5% of Enhanced Value of Imported goods in Absence of Market Value: CESTAT [Read Order]")
![Mere Estimation by DVO is no Justification for Adopting Fair Market Value: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/Mere-Estimation-by-DVO-Justification-for-Adopting-Fair-Market-Value-ITAT-TAXSCAN.jpg "Mere Estimation by DVO is no Justification for Adopting Fair Market Value: ITAT [Read Order]")
![Consideration paid excess than Market Value of Net Tangible Assets is treated as Goodwill: ITAT allows depreciation [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/06/market-value-tangible-assets-goodwill-ITAT-depreciation-Taxscan.jpg "Consideration paid excess than Market Value of Net Tangible Assets is treated as Goodwill: ITAT allows depreciation [Read Order]")
Market Value of Property reduced due to Litigation and Defect in Title, Section 50C can’t be applied: ITAT [Read Order]
The Hyderabad bench of the Income Tax Appellate Tribunal (ITAT) has held that the provisions of section 50C of the Income Tax Act, 1961 cannot be applied in cases where the market value of the...
![Market Value of Property reduced due to Litigation and Defect in Title, Section 50C can’t be applied: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/08/Market-Value-ITAT-Taxscan.jpg "Market Value of Property reduced due to Litigation and Defect in Title, Section 50C can’t be applied: ITAT [Read Order]")