Delhi HC Upholds ITAT Exclusion of Companies from Comparables List

The Delhi HC dismissed the Revenue's appeal against the ITAT order excluding certain companies from the comparables list for determining the arms length price. The Court found ITAT's reasons for exclusion clear and cogent, based on proper analysis, and not raising any substantial question of law. No costs were awarded.

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The Delhi High Court dismissed the Revenue's appeal against the ITAT order excluding certain companies from comparables list for determining arms length price. The Court found ITAT's reasons for exclusion clear and cogent, based on proper analysis, and not raising any substantial question of law. No costs were awarded.

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