https://www.taxtmi.com/caselaws?id=325275 The High Court upheld the Tribunal's decision in a case involving challenges to an order passed by the Income Tax Appellate Tribunal for Assessment Year 2008-09 under the Income Tax Act, 1961. The Court agreed with the Tribunal's use of Total Cost as the base for Profit Level Indicator (PLI) under the Transactional Net Margin Method (TNMM) for international transactions, rejecting the Revenue's argument for Return on Capital Employed (RoCE) as the PLI due to industry-specific factors. The Court found no substantial question of law in the Revenue's arguments, leading to the dismissal of the Appeal without costs. en-us Thu, 04 Feb 2016 00:00:00 +0530 Fri, 20 Jan 2017 18:49:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=325275 The High Court upheld the Tribunal's decision in a case involving challenges to an order passed by the Income Tax Appellate Tribunal for Assessment Year 2008-09 under the Income Tax Act, 1961. The Court agreed with the Tribunal's use of Total Cost as the base for Profit Level Indicator (PLI) under the Transactional Net Margin Method (TNMM) for international transactions, rejecting the Revenue's argument for Return on Capital Employed (RoCE) as the PLI due to industry-specific factors. The Court found no substantial question of law in the Revenue's arguments, leading to the dismissal of the Appeal without costs. Case-Laws Income Tax Thu, 04 Feb 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=325275