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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

AND

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*


Then

One more para says


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


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