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Services availed to acquire insurance business in Indonesia held as ‘consultancy services’; taxable in India: HC

March 21, 2020[2020] 115 388 (Madras)

INTERNATIONAL TAXATION : Where assessee engaged services of a law firm in Indonesia for acquiring in insurance business in Indonesia, in view of fact that it was a case where services were provided by a person holding expertise in relevant field, it could be concluded that said services would fall in category of 'consultancy services' and, thus, it was not open for assessee to contend that services supplied by foreign firm fell within exception provided in section 9(1)(vii)(b) or outside Explanation 2 to said section

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