No TDS under section 194N if Cash Withdrawal is not Income: Hon’ble Madras High Court in the case of Tirunelveli District Central Cooperative Bank Limited vs. JCIT(TDS) in W.P.(MD).No. 6102 of 2020 decided on 27-07-2020 held that if the sum received by the assessee will not be an income at his hands, then, the question of deduction under Section 194N on cash withdrawals will not arise. It is further held that if the amounts received (cash withdrawals) by the recipients do not represent income at their hands and had also filed their returns and the case falls under the proviso to Section 201(1) of the Act, the writ petitioners who have failed to deduct (tax on cash withdrawals under section 194N) cannot be fastened with any liability. It should be noted that the validity of the provisions of section 194N has not been questioned in this case..