K 1718 Vagarayampalayam Primary Agricultural Co-Operative Credit Society, Rep. By Its Secretary P.mayilsamy v. The Principal Commissioner Of Income Tax - I, Race Course Road, Coimbatore - 18

W.P.No.28827 of 2024 IN THE HIGH COURT OF JUDICATURE AT MADRAS DATED : 26.06.2025 Coram The Honourable Mr.Justice Krishnan Ramasamy W.P.No.28827 of 2024andW.M.P.Nos.31430 and 31431 of 2024 K 1718 Vagarayampalayam Primary Agricultural Co-operative Credit Society, Rep. by its Secretary P.Mayilsamy, S/o.Palanisamy, Vagarayampalayam, Sulur Taluk - 641 659, Coimbatore District. ...Petitioner Vs. 1.The Principal Commissioner of Income Tax - I, Race Course Road, Coimbatore - 18. 2.The Assessment Unit, Income Tax Department, Ministry of Finance, Government of India, New Delhi. ...Respondents Prayer : Writ Petition filed under Article 226 of the Constitution of India, praying for the issuance of a Writ of Certiorari to call for the entire records relating to the impugned order passed by the second respondent in DIN.ITBA/PNL/F/270A/2024-25/1067468474(1), dated 08.08.2024 and quash the same. 1/4 For Petitioner For Respondents W.P.No.28827 of 2024 : Mr.C.Prakasam : Dr.B.Ramaswamy Senior Standing Counsel Senior Standing Counsel Order This Writ Petition has been filed by the petitioner to quash the impugned order dated 08.08.2024 passed by the second respondent. 2. The issue pertains to the deduction of 2% TDS under Section 194-N of the Income Tax Act, 1961, on cash withdrawals exceeding one crore in an year from the bank account. 3. The learned Senior Standing Counsel for the respondents submitted that, in a batch of writ petitions, this Court had already upheld the Circulars issued by the respondent Department. Therefore, in the same lines, the order may be passed. 4.The issue involved in the present writ petition is squarely covered by the order of this Court made in W.P.No.2221 of 2022, etc., batch 2/4 W.P.No.28827 of 2024 dated 18.11.2022 [S-8718 Semmandapatty Primary Agricultural Co-operative Credit Society Ltd. (PACCS) Vs. Salem District Central Co-operative Bank Ltd.]. 5.Therefore, the issue is no more res integra and the writ petition is liable to be dismissed. Accordingly, this Writ Petition is dismissed. No costs. Consequently, connected Miscellaneous Petition is closed. 26.06.2025 Index : yes/noNeutral Citation : yes/no sri To 1.The Principal Commissioner of Income Tax - I, Race Course Road, Coimbatore - 18. Race Course Road, Coimbatore - 18. 2.The Assessment Unit, Income Tax Department, Ministry of Finance, Government of India, New Delhi. 3/4 4/4 W.P.No.28827 of 2024 Krishnan Ramasamy,J., sri W.P.No.28827 of 2024 26.06.2025