https://www.taxtmi.com/caselaws?id=267217 The Court rejected the use of Return on Capital Employed (ROCE) as the Profit Level Indicator (PLI) for determining the Arm's Length Price (ALP) for AY 2003-04. However, it ruled in favor of the Assessee regarding the treatment of raw material costs as pass-through costs. Consequently, the orders of the ITAT, TPO, AO, and CIT (A) for AY 2003-04 were set aside, and the addition to the Assessee's income was deleted. The appeal was allowed with no order as to costs. en-us Fri, 30 Oct 2015 00:00:00 +0530 Tue, 03 May 2016 12:12:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=267217 The Court rejected the use of Return on Capital Employed (ROCE) as the Profit Level Indicator (PLI) for determining the Arm's Length Price (ALP) for AY 2003-04. However, it ruled in favor of the Assessee regarding the treatment of raw material costs as pass-through costs. Consequently, the orders of the ITAT, TPO, AO, and CIT (A) for AY 2003-04 were set aside, and the addition to the Assessee's income was deleted. The appeal was allowed with no order as to costs. Case-Laws Income Tax Fri, 30 Oct 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=267217