https://www.taxtmi.com/caselaws?id=288759 Managing agency commission payable only after the managed company's annual accounts were closed did not accrue day to day. Because the commission was ascertainable only when the yearly accounts were made up, the assessee had no enforceable right to the disputed amount during its own accounting year ending 31 March 1953. The commission relatable to the period up to that date was therefore not includible in assessable income for that assessment year. en-us Fri, 11 Oct 1963 00:00:00 +0530 Fri, 26 Jun 2020 12:50:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=288759 Managing agency commission payable only after the managed company's annual accounts were closed did not accrue day to day. Because the commission was ascertainable only when the yearly accounts were made up, the assessee had no enforceable right to the disputed amount during its own accounting year ending 31 March 1953. The commission relatable to the period up to that date was therefore not includible in assessable income for that assessment year. Case-Laws Income Tax Fri, 11 Oct 1963 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=288759