https://www.taxtmi.com/caselaws?id=798356 Commission earned by a telecom recharge-voucher distributor, rather than gross bank receipts routed to obtain and supply vouchers, constitutes its business turnover where the distributor acts on commission. Amounts passing through the bank do not represent the distributor's purchases or sales when tax deduction records support commission-based income. As the commission income remained below the prescribed tax-audit threshold, no audit obligation arose and penalty for failure to obtain an audit was unsustainable. en-us Wed, 02 Sep 2026 00:00:00 +0530 Sat, 05 Sep 2026 08:44:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=798356 Commission earned by a telecom recharge-voucher distributor, rather than gross bank receipts routed to obtain and supply vouchers, constitutes its business turnover where the distributor acts on commission. Amounts passing through the bank do not represent the distributor's purchases or sales when tax deduction records support commission-based income. As the commission income remained below the prescribed tax-audit threshold, no audit obligation arose and penalty for failure to obtain an audit was unsustainable. Case-Laws Income Tax Wed, 02 Sep 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=798356