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![Delhi HC Condemns Customs for Unlawful Disposal of Seized Gold: Orders CBIC and Delhi Police Inquiry, Directs Payment of Market Value to Passengers [Read Order]](https://images.taxscan.in/h-upload/2025/11/07/500x300_2103039-delhi-high-court-seized-gold-delhi-hc-condemns-customs-taxscan.webp "Delhi HC Condemns Customs for Unlawful Disposal of Seized Gold: Orders CBIC and Delhi Police Inquiry, Directs Payment of Market Value to Passengers [Read Order]")
Delhi HC Condemns Customs for Unlawful Disposal of Seized Gold: Orders CBIC and Delhi Police Inquiry, Directs Payment of Market Value to Passengers [Read Order]
The Delhi High Court has condemned the Customs Department at Indira Gandhi International (IGI) Airport for the unlawful disposal of passengers’...
![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]
The Mumbai bench of the Income Tax Appellate Tribunal (ITAT) has held that consideration paid in excess than market value of net tangible assets is treated as goodwill. The assessee Gea Process...
![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]")