2021 (7) TMI 468

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....oumen Bhattacharjee For the U.O.I. Heard Mr. J.P. Khaitan, learned senior advocate appearing for the petitioner and learned Additional Solicitor General for the respondents/U.O.I. In this writ petition, petitioner has challenged the 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 withdraw....

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....ed the impugned legislation on several grounds as appears from the grounds of the writ petition which according to me have some substance and requires consideration for final adjudication by this Court. Petitioner has also relied on several unreported decisions of the Hon'ble Kerala High Court involving the same issue and one of which is order dated 13^th August, 2020 passed in Kanan Devan Hill....