https://www.taxtmi.com/caselaws?id=65313 Commission payable as part of remuneration accrues for tax only when it can be quantified after net profits are ascertained and the accounts are audited and approved; a consistently followed method of taxing it on quantification and receipt supports that treatment. By contrast, where a share transfer agreement fixes transfer on receipt of the first instalment and the surrounding facts show that control and enjoyment of the underlying asset have passed, the transfer is treated as complete in that year for capital gains purposes even if later instalments remain unpaid. en-us Tue, 30 Nov 2004 00:00:00 +0530 Tue, 26 Jun 2012 16:15:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=65313 Commission payable as part of remuneration accrues for tax only when it can be quantified after net profits are ascertained and the accounts are audited and approved; a consistently followed method of taxing it on quantification and receipt supports that treatment. By contrast, where a share transfer agreement fixes transfer on receipt of the first instalment and the surrounding facts show that control and enjoyment of the underlying asset have passed, the transfer is treated as complete in that year for capital gains purposes even if later instalments remain unpaid. Case-Laws Income Tax Tue, 30 Nov 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=65313