2018 (10) TMI 1677

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...., Advs. For The Respondent : Mr. S. Ganesh, Sr. Advocate with Mr. Prashant Meharchandani, Adv. ORDER CM APPL. 16423/2018 (rectification of order) We have heard learned counsel for the parties. The application seeks correction of the order dated 10.04.2018 whereby question of law with respect to Transfer Pricing Adjustment, was dealt with. The court declined to frame the question of ....

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....tions with respect to functional identity with Li and Fung India Pvt. Ltd. - is not appropriate because the assessee renders support services to its members whereas Li Fung is providing services on principal to principal basis to its AEs as well as third party. The second distinction is highlighted with respect to the revenue model - while in Li and Fung the cost plus was on a certain percentage m....