ITAT deletes TP adjustments made without considering under utilized production capacity of assessee

IT/ILT : Where in case of assessee, engaged in import of machinery, raw-materials, consumable components and finished goods, TPO made adjustment to assessee's ALP without considering its claim of under-utilisation of capacity, in view of fact that relief so claimed was a vital factor in initial years, impugned adjustment was to be set aside and, matter was to be remanded back for disposal afresh