TDS not deductible on rental or ocean freight for ships as covered by Article 8 of India-Korea DTAA

Doosan Power Systems India Pvt Ltd Vs JCIT (ITAT Chennai) ITAT Chennai held that payment of rental or ocean freight for ships is covered by Article 8 of India-Korea DTAA. Accordingly, the assessee is not liable to deduct TDS and therefore, disallowance invoking provisions of section 40(a)(i) of the Income Tax Act unsustainable. Facts- The assessee company is engaged in the business of designing, building, installing, and maintaining engineering plants, with a specialization in thermal and coal power plants. The assessee company renders engineering services to its associated enterprises, Doosan...