Delhi HC Upholds ITAT’s Decision on Comparables for Arm’s Length Price

PCIT Vs Chrys Capital Investment Advisors (India) Pvt. Ltd. (Delhi High Court) Introduction: In a recent development, the Delhi High Court has upheld the decision of the Income Tax Appellate Tribunal (ITAT) in the case of PCIT vs Chrys Capital Investment Advisors (India) Pvt. Ltd. The appeal, brought under Section 260A of the Income Tax Act, challenged the ITAT’s order, which partly allowed the appeal of the respondent/assessee. The primary contention revolved around the selection of comparables for determining the Arm’s Length Price (ALP) of an international transaction. Let’s d...