Profit before depreciation is to be considered as Profit Level Indicator for transfer pricing analysis

Reuters India Pvt Ltd Vs DCIT (ITAT Mumbai) ITAT Mumbai held that profit before depreciation (PBDIT) is to be considered as Profit Level Indicator (PLI) for transfer pricing analysis for benchmarking the international transaction. Facts- The assessee is wholly owned subsidiary of Reuters , U.K. The Reuters group is a leading global provider of news, financial information, and technology solutions to the world’s media, financial institutions, businesses and individuals. Assessee distributes Reuters products within the territory of India. During the year under consideration, assessee provided ...