Thankfully it appears that the rumors are only just rumors. Konami has since refuted those claims in a statement made to VG247. According to the company, they claimed that they have not deleted copies of the game since there is no system in place that would allow Konami, Sony, or any developer to actually delete content from a console remotely.
Instead the publisher is suggesting that gamers who have discovered the game missing on their console have probably accidentally deleted it themselves, and if that is true, that is quite unfortunate since there is no way of downloading it again. In fact there was a brief point in time where PS4 consoles with P.T. installed were being sold on eBay for $1,500.
This comes on the heels of the reports that the game’s director, Hideo Kojima, would be leaving Konami which eventually led to the upcoming Silent Hill game, which P.T. was based on, to be cancelled.