ITAT quashed ad-hoc determination of ALP by TPO instead of following prescribed method

IT/ILT : TPO is bound to determine ALP by following one of methods prescribed under section 92C(1), however, where TPO had not followed any prescribed methods and made transfer pricing adjustment by estimating man hours and cost of service per hour, ad-hoc determination of arms length price by TPO under section 92 would not be susatainable

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