https://www.taxtmi.com/caselaws?id=757378 Calcutta HC held that an executing court cannot direct parties other than the vendor to shoulder tax liability under Income Tax Act provisions, even where property sale value is less than stamp duty assessment value. The court found that while judgment-debtors failed to respect the underlying intention of the consent decree, the prayer to make judgment-debtor shoulder tax responsibility cannot be allowed as it would contravene Income Tax Act, 1961. The court noted that Nav Technology Pvt. Ltd. was shown as vendor in the deed, making it responsible for tax liability under relevant provisions, despite questions about director's authority to execute transfer without proper resolution. en-us Fri, 02 Aug 2024 00:00:00 +0530 Fri, 23 Aug 2024 08:15:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=757378 Calcutta HC held that an executing court cannot direct parties other than the vendor to shoulder tax liability under Income Tax Act provisions, even where property sale value is less than stamp duty assessment value. The court found that while judgment-debtors failed to respect the underlying intention of the consent decree, the prayer to make judgment-debtor shoulder tax responsibility cannot be allowed as it would contravene Income Tax Act, 1961. The court noted that Nav Technology Pvt. Ltd. was shown as vendor in the deed, making it responsible for tax liability under relevant provisions, despite questions about director's authority to execute transfer without proper resolution. Case-Laws Income Tax Fri, 02 Aug 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=757378