https://www.taxtmi.com/caselaws?id=373094 The ITAT ruled in favor of the appellant, holding that demurrage charges paid to non-resident shipping companies were not subject to TDS under section 194-I. The ITAT overturned the lower authorities' decision, stating that demurrage charges were not akin to rent and therefore not liable for TDS deduction. The ITAT's interpretation of the subsequent judgment led to the deletion of the TDS addition made by the AO, ultimately allowing the appeal and relieving the assessee from the TDS obligation on demurrage charges to foreign shipping companies. en-us Mon, 03 Dec 2018 00:00:00 +0530 Sun, 06 Jan 2019 08:45:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=373094 The ITAT ruled in favor of the appellant, holding that demurrage charges paid to non-resident shipping companies were not subject to TDS under section 194-I. The ITAT overturned the lower authorities' decision, stating that demurrage charges were not akin to rent and therefore not liable for TDS deduction. The ITAT's interpretation of the subsequent judgment led to the deletion of the TDS addition made by the AO, ultimately allowing the appeal and relieving the assessee from the TDS obligation on demurrage charges to foreign shipping companies. Case-Laws Income Tax Mon, 03 Dec 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=373094