https://www.taxtmi.com/caselaws?id=7561 Where settlement terms entrusted share valuation to an independent valuer, the assessment was not invalid merely because no prior notice was said to have been given or because intrinsic value was used instead of market value; the parties having agreed to that mechanism, the valuation challenge failed. A compromise decree that only records conditional payment terms and preserves the original certificate proceedings on default does not convert the underlying liability into an executable money decree. The execution petition was therefore not maintainable, while the respondent remained free to pursue the original certificate case. en-us Wed, 30 Apr 1969 00:00:00 +0530 Mon, 02 Mar 2009 13:10:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=7561 Where settlement terms entrusted share valuation to an independent valuer, the assessment was not invalid merely because no prior notice was said to have been given or because intrinsic value was used instead of market value; the parties having agreed to that mechanism, the valuation challenge failed. A compromise decree that only records conditional payment terms and preserves the original certificate proceedings on default does not convert the underlying liability into an executable money decree. The execution petition was therefore not maintainable, while the respondent remained free to pursue the original certificate case. Case-Laws Income Tax Wed, 30 Apr 1969 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=7561