| COURT: | ITAT Cochin |
| CORAM: | Chandra Poojari (AM), N.R.S. Ganesan (JM) |
| SECTION(S): | 195, 40(a)(i), Article 8 |
| GENRE: | Domestic Tax, International Tax |
| CATCH WORDS: | charter hire, royalty |
| COUNSEL: | K. P. Paulson |
| DATE: | October 21, 2014 (Date of pronouncement) |
| DATE: | October 24, 2014 (Date of publication) |
| AY: | 2006-07 |
| FILE: | Click here to view full post with file download link |
| CITATION: | |
| charter hire payment is not assessable as royalty, there is no obligation to deduct TDS and no disallowance u/s 40(a)(i) can be made | |
It is very clear that the payments made by the assessee company were in the nature of simple payments for chartering ships on hire for doing the business outside India. Therefore, the payments do not satisfy the test laid down …
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