https://www.taxtmi.com/highlights?id=104728 For a vegetable-market commission agent claiming status as a kachha arhtia, sale proceeds handled for principals do not constitute turnover for tax-audit purposes; gross commission alone is relevant under the CBDT Circular. Status must be verified because no conclusive material ruled out own-account purchases or sales. The penalty issue was restored for limited verification: proof of exclusive agency eliminates the audit obligation and penalty; otherwise, the penalty's sustainability must be determined in accordance with law. en-us Fri, 09 Oct 2026 11:08:37 +0530 Fri, 09 Oct 2026 11:08:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=104728 For a vegetable-market commission agent claiming status as a kachha arhtia, sale proceeds handled for principals do not constitute turnover for tax-audit purposes; gross commission alone is relevant under the CBDT Circular. Status must be verified because no conclusive material ruled out own-account purchases or sales. The penalty issue was restored for limited verification: proof of exclusive agency eliminates the audit obligation and penalty; otherwise, the penalty's sustainability must be determined in accordance with law. Highlights Income Tax Fri, 09 Oct 2026 11:08:37 +0530 https://www.taxtmi.com/highlights?id=104728