Assessee's Objection Upheld: TPO and DRP Can't Determine Arm's-Length Price for Royalty Payments on Ad Hoc Basis.

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....TP Adjustment - Determination of arm’s-length price - Law does not permit the TPO or DRP to determine the arm’s length price on estimation or adhoc basis. - Accordingly assessee’s grievance of ad hoc determination of arm’s-length price for royalty paid by the TPO and the DRP succeeds. - AT....