More explicitly, suppose sum(p) = (0,0,0,n)^T.  Then, sum(R*P) = R*(sum(P)) = R*(0,0,0,n)^T = (0,0,0,n)^T.  Sum(T*R*P) = T*(0,0,0,n)^T = (ntx,nty,ntz,n)^T.  (Or just look at the 2x4 projection matrix).  If we subtract tx or ty from every row, then the residual is (s11,s12,s13;s21,s22,s23)*P.  I = s part of matrix + t part of matrix.