| COURT: | ITAT Delhi |
| CORAM: | I. C. Sudhir (JM), R. S. Syal (AM) |
| SECTION(S): | 92C |
| GENRE: | Transfer Pricing |
| CATCH WORDS: | Comparables, Manger, Merchant Banker, PE Fund, Transfer Pricing |
| COUNSEL: | Mukesh Bhutani, Vishal Kalra, Vrinda Tulshan |
| DATE: | November 7, 2014 (Date of pronouncement) |
| DATE: | November 8, 2014 (Date of publication) |
| AY: | 2008-09 |
| FILE: | Click here to view full post with file download link |
| CITATION: | |
| Though there is a functional difference between a PE Fund and a Merchant Banker, A manager or a sub-advisor to the PE Fund cannot be equated with the PE Fund so as not to be comparable with Merchant Bankers | |
(i) A merchant bank, apart from helping businessmen in raising finance, also renders consultancy services. It helps its clients in raising finance through issue of shares, debentures, bank loans, etc., from the domestic and international market. The term “Merchant Banker‘ …
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