ITAT Relief to Vodafone Distributor: Rs 1.50 Lakh Penalty for Non-Audit of Books Deleted:

ITAT Relief to Vodafone Distributor: Rs 1.50 Lakh Penalty for Non-Audit of Books Deleted

ITAT deleted the Rs 1.50 lakh Section 271B penalty, holding that only commission income not the full recharge voucher transactions counted as turnover for tax-audit purposes.

ITAT Quashes Rs 1.50 Lakh Section 271B Penalty

authorVanshika vermadateSep 4, 2026
Last update on Sep 4, 2026
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ITAT Relief to Vodafone Distributor: Rs 1.50 Lakh Penalty for Non-Audit of Books Deleted

ITAT deleted the Rs 1.50 lakh Section 271B penalty, holding that only commission income not the full recharge voucher transactions counted as turnover for tax-audit purposes.

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Vanshika verma

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Vanshika Verma is a Content Writer with 1+ year of experience at Studycafe.in. A B.Com graduate from Delhi University, She writes articles on Finance, Tax, ICAI, GST, and the latest financial news, with a focus on making complex topics easy for readers and professionals.
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