No section 194N TDS if cash withdrawn isn’t income of account holder: Madras HC

INCOME TAX : Having regard to the overall scheme of the chapter XVII and particularly, by reading Section 194N along with Section 201 of the Act, it can be safely concluded that if the sum received by the assessee will not be an income at his hands, then, the question of deduction under Section 194N of the Act will not arise

from www.taxmann.com Latest Case Laws https://www.taxmann.com/topstories/101010000000195673/no-section-194n-tds-if-cash-withdrawn-isn’t-income-of-account-holder-madras-hc.aspx