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 specializatio

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