@gnan10 Perhaps there is some risk involved in using a step down transformer since we have many power fluctuations here in India. Mostly if the voltage is high it will put a pressure on the step down transformer, it can over-heat, some times even stables can output excess of 20v than a regular 220v which is 238~240v. The Step down transformer that you buy must be of highest quality and need to be checked with a multi-meter whether it is accurately outputting 110v of current. A step down transformer should work consistently without over heating for prolonged usage. So there is a risk involved in frying your TV if the transformer fails and some times the built in fuse cannot stop the flow of current, which eventually fry sensitive electronics inside the TV.
This is another interesting read, there are risks involved in using step down transformer along with a surge protector also.
Never Use a Surge Protector with a Step-Down Transformer
I would choose Indian Voltage compatible TVs as there is risk involved.