Share on Facebook

Share on Twitter

Share on LinkedIn

Share on Email

Share More

srsubramanian (finance taxation manager )     13 October 2021

what are the differences between the two rullings

What are the differences between two SC rullings Commissioner Of Income-Tax ... vs Podar Cement Pvt. Ltd. Etc on 27 May, 1997


Suraj Lamps & Industries Pvt Ltd. v. State of Haryana and another.

Poddar cements rulling says no matters even agreements not registered

Suraj lamp case says SA/GPOA/WILL are to be registered

And also says in the
Very important paras in suraj lamp case..

*However, while the Supreme Court held such transactions to be invalid, it also clarified that such observations were in no way intended to affect the validity of sale agreements and powers of attorney executed in genuine transactions*


One more para says

*Lastly, it also clarified that any genuine or good-faith transactions would not be invalidated by this decision*

 0 Replies

Leave a reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Post a Suggestion for LCI Team
Post a Legal Query