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Case lawHigh Court › Tirunelveli District Central Co-op Bank v JCIT
High CourtHelps taxpayerPartly overruled — read this firsts.194Ns.201s.198

Tirunelveli District Central Co-op Bank v JCIT

Must I deduct under 194N on cash withdrawals that are not the account holder's income?

Must I deduct under 194N on cash withdrawals that are not the account holder's income?

No. Section 194N requires a sum to be deducted 'as income-tax', and income-tax is a levy on income — where no income results, there is no levy, and the TDS machinery is not itself a charging provision. The bank must be allowed to lead evidence that the payee bore no tax liability on the sum withdrawn.

Decided by the High Court (Madras High Court (Madurai Bench) — Justice G.R. Swaminathan) on 2020-07-27, reported as (2020) 428 ITR 249 (Mad); 275 Taxman 60; [2020] 119 taxmann.com 21 (Madras); W.P.(MD) Nos. 6102-6125 of 2020. It bears on section 194N, section 201, section 198 of the Income Tax Act 1961, in TDS Defaults and Cash Transaction Limits matters.

Read this before you cite it. The business correspondent ground in this judgment was reversed on appeal in ITO, TDS v. Thanjavur District Central Co-operative Bank Ltd. [2024] 158 taxmann.com 490 / 465 ITR 286 (Madras), which also upheld the validity of s.194N. Section 194N has since been amended: the threshold is Rs 1 crore, but Rs 3 crores where the recipient is a co-operative society, and a separate proviso prescribes a lower threshold and higher rates for a recipient who has not filed returns for the preceding years - check the current figures before applying it. The second proviso to s.198, inserted by the Finance (No. 2) Act 2019 with effect from 1 September 2019, provides that a sum deducted under s.194N is not deemed to be income received, so the recipient may claim it back by filing a return.
Partly overruled — read this first. Set aside in part on appeal. In Income-tax Officer, TDS v. Thanjavur District Central Co-operative Bank Ltd. [2024] 158 taxmann.com 490 / 465 ITR 286 (Madras), W.A.(MD) Nos. 1095 of 2020 and connected appeals, decided 22 December 2023 (Dr. Anita Sumanth and R. Vijayakumar, JJ.), a Division Bench reversed the conclusion that the cash withdrawals by the societies stand excluded from s.194N by clause (iii) of the third proviso - the business correspondent limb (para 97). It upheld the constitutional validity of s.194N, holding the section fastens no charge and only provides a mechanism for the collection of tax, and clarified that the provision applies only with effect from 1 September 2019 (para 100). But it sustained the single judge's direction that the s.201/201(1A) proceedings be redone, adding only that they be completed within three months in accordance with law and the principles of natural justice, with credit for any tax paid by the societies (paras 98-99). So the natural justice limb of this judgment survives; the business correspondent exemption does not, and must not be pleaded on the strength of this decision in Madras. No later treatment of the Division Bench decision was recorded on the report.

Why it matters

This is the answer for a bank or co-operative bank facing s.201 proceedings for not deducting on withdrawals that are pass-through money — here, government welfare disbursements and loan moneys routed through member primary societies to farmers. It also carries a procedural point of general use: notices allowing only a few days to appear were held not to be a reasonable opportunity, and that breach made the writ petitions maintainable despite the alternative remedy.

Binding within that High Court's jurisdiction. Persuasive elsewhere.

Not yet CA-verified. This entry was found through the sources listed under the Sources tab, and the summary reflects what those sources say. Nobody has yet read the full judgment and signed it off. Check the source before relying on it.

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Related

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Notice situations where this decision carries one of the steps.
The State audit finished in January, the return went in late, and the whole 80P deduction has gone on the date aloneOur society filed after the due date because the statutory audit was not finished. Is the deduction really lost on that alone, and what happens to the penalties on our cash counter and the tax on our withdrawals?