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Cost plus method couldn't be rejected merely because assessee used 'PBIT' terminology instead of 'GP' as PLI

November 1, 2018[2018] 100 164 (Kolkata - Trib.)

IT/ILT: Where assessee, engaged in purchase and sale of software application services with AE, applied CPM to benchmark its international transactions, mere fact that by mistake assessee used terminology 'profit before interest and tax' (PBIT) instead of gross profit (GP) as PLI, could not be a valid ground to reject assessee's method and to determine ALP by applying TNMM

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