| Court: | Calcutta High Court |
| Head Notes: | *Tyroon Tea Company Ltd & Anr Vs Union of India & Ors* *Sub-Constitutional validity and legality of section 194N of the Income Tax Act, 1961 which mandates the deduction of tax at source at the rate of 2% on cash withdrawals from, inter alia, a banking company exceeding Rs.1 crore in a financial year.* The Hon’ble court after listening to the arguments restrained the respondent authorities till 7/2/2022 or until further orders from collecting the tax at source and the court also clarified that the Benefit of this interim order will be confined only to the writ petitioners herein. Ramesh Patodia |
| Law: | Income-Tax Act |
| Section(s): | Section 194N of Income-tax Act,1961 |
| Counsel(s): | Counsels |
| Dowload Pdf File | Click here to download the file in pdf format |
| Uploaded By | CA Ramesh Patodia |
| Date of upload: | December 12, 2021 |
Leave a Reply