Prepaid Sim Card: Unutilized talk time not accrue in the year of sale

CIT Vs Shyam Telelink Ltd (Delhi High Court)

Conclusion:

Income on sale of prepaid cards to the extent of unutilized talk time did not accrue as income in the year of sale. If assessee had failed to perform the services as promised, it would be liable and under an obligation to refund the advance payment received under the ordinary law of contract or special enactments, like the Please become a Premium member. If you are already a Premium member, login here to access the full content.