2023 (5) TMI 557 - SCH - Income Tax

TP adjustment - Comparable selection - functional similarity between the Assessee and Li and Fung - HC confirmed lack of functional similarity between Li Fung India and the Assessee HELD THAT - No interference of this Court is called for. The Special Leave Petition stands dismissed.

Summary

The Supreme Court of India in 2023 (5) TMI 557 - SC Order, with Hon'ble Mr. Justice M.R. Shah and Hon'ble Mr. Justice C.T. Ravikumar, dismissed the Special Leave Petition without interference, condoning the delay. Pending applications were disposed of. Petitioner represented by Mr. N Venkatraman, A.S.G., and others, while Respondent represented by Mr. S. Ganesh and Mr. Rajat Mittal.