https://www.taxtmi.com/caselaws?id=339617 Overseas legal advisory work was held to fall within legal consultancy service, not management or business consultancy, because the engagement documents, proposal and invoices showed that the foreign firm was retained for legal opinion, drafting, review and related advice. The tribunal also held that the statutory immunity attached to the International Finance Corporation extended to transactions carried out in furtherance of its authorised operations, so domestic service tax could not be levied on connected loan arrangement and due diligence services. On both counts, the tax demand was unsustainable and the impugned liability, penalties and confirmation of tax were set aside. en-us Wed, 18 Jan 2017 00:00:00 +0530 Tue, 05 Sep 2017 16:08:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=339617 Overseas legal advisory work was held to fall within legal consultancy service, not management or business consultancy, because the engagement documents, proposal and invoices showed that the foreign firm was retained for legal opinion, drafting, review and related advice. The tribunal also held that the statutory immunity attached to the International Finance Corporation extended to transactions carried out in furtherance of its authorised operations, so domestic service tax could not be levied on connected loan arrangement and due diligence services. On both counts, the tax demand was unsustainable and the impugned liability, penalties and confirmation of tax were set aside. Case-Laws Service Tax Wed, 18 Jan 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=339617