ITAT deletes TP addition as adjustments made by TPO weren’t based on any prescribed TP methods

IT/ILT : Where in respect of amount paid by assessee to its AE located abroad for rendering sales and marketing services, TPO made certain addition taking a view that cost base of AE was not genuine, in view of fact that basis adopted for making TP adjustment was not in accordance with procedure prescribed in statute, impugned adjustment deserved to be set aside