2021 (7) TMI 468

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... e respondents to seek instruction as to whether the aforesaid order of the Kerala High Court has been further challenged or not to which Additional Solicitor General has submitted on instruction that no further appeal has been filed against the said order and the said interim order is still existing. It has also been submitted that series of orders have been passed by the Hon ble Kerala High Court .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... ioner 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 withdrawals from, inter alia, a banking company exceeding ₹ 1 crore in a financial year and the said Section was inserted by the Finance Act, 2019 and became effective from 1st September, 2019 and has been substitute .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... tioner 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 Hills Plantations Company Pvt. Ltd Versus Union of India in WP (C) No. 1658 of 2020 where Hon ble Court has admitted the writ petition on this issue and has granted interim stay of deduction of tax on source u .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X