Introducing the “In Favour Of” filter in Case Laws.
- ⚖️ Instantly identify judgments decided in favour of the Assessee, Revenue, or Appellant
- 🔍 Narrow down results with higher precision
Try it now in Case Laws →
TaxTMI Login
🚀 New Feature Launched ✕
Just a moment...
Introducing the “In Favour Of” filter in Case Laws.
Try it now in Case Laws →
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Circulars
of of All Circulars
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>Supreme Court Overrules Cloth Traders Judgment; Circular No. 341 No Longer Applicable Post-Distributors (Baroda) Ruling.</h1> The Supreme Court's decision in the case of Distributors (Baroda) Pvt. Ltd. v. Union of India overruled the earlier judgment in Cloth Traders (P.) Ltd., thereby establishing the correct legal position. Consequently, Circular No. 341, issued in response to the Cloth Traders decision, is no longer applicable for any assessment year following the Supreme Court's ruling in the Distributors (Baroda) case. This circular, dated September 5, 1994, clarifies the cessation of Circular No. 341's applicability.
TaxTMI 
TaxTMI 
