https://www.taxtmi.com/highlights?id=54521 TDS u/s 194N - Consequences of failure to deduct or pay u/s 201 - cash withdrawal exceeding Rupees One Crore in an year from the bank account - Not agree with the stand of the writ petitioners' counsel that the volume of transaction that had taken place prior to 01.09.2019 should be ignored - as brought to notice computation of tax has been made only with effect from 01.09.2019 and there has been no levy on the transaction before the cut off date. - HC en-us Fri, 28 Aug 2020 20:05:15 +0530 Fri, 28 Aug 2020 20:05:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=54521 TDS u/s 194N - Consequences of failure to deduct or pay u/s 201 - cash withdrawal exceeding Rupees One Crore in an year from the bank account - Not agree with the stand of the writ petitioners' counsel that the volume of transaction that had taken place prior to 01.09.2019 should be ignored - as brought to notice computation of tax has been made only with effect from 01.09.2019 and there has been no levy on the transaction before the cut off date. - HC Highlights Income Tax Fri, 28 Aug 2020 20:05:15 +0530 https://www.taxtmi.com/highlights?id=54521