TPO had to act as per law while fixing ALP as nil for sum reimbursed to AE for ‘David Beckham’ adver

IT/ILT : Where TPO had neither rejected method followed by assessee to bench-mark transaction in respect of payment of royalty nor had adopted any recognized method to determine ALP of said transaction, TP adjustment in respect of payment of royalty to AE merely relying upon approval of SIA was not justified