ASSESSEE COMPANY IS PVT LTD COMPANY ENGAGED IN BUSINESS OF TELECOMMUNICATIONS. MEANS IT PURCHASES THE RECHARGE BALANCE FROM VARIOUS COMPANIES i.e. RELIANCE, ARTEL, BSNL, IDEA ETC. AND SALE IT TO RETAILORS. AND RETAILORS SELL DIRECTLY TO CUSTOMER. ASEESSEE COMPANY GETS A COMMISSION OF 1% ON ITS SALES FROM ABOVE COMPANIES.
ON WHICH AMOUNT THE COMPANY IS LIABLE FOR TAX AUDIT. RECHARGE BALALNCE SALE EXCEEDS RS 60 LACS OR COMMISSION EXCEEDS RS 60 LACS?
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