https://www.taxtmi.com/caselaws?id=289314 A receiver's commission must be computed on the real sale proceeds actually realised, not on a fictitious or notional amount never received. On that basis, trade discount was excluded from the commission base, while freight and packing charges could be included because they formed part of the sums actually received. The court also declined to remove the receivers, but held that their duties needed clearer definition to protect the estate. Any excess commission already retained was treated as a debt due to the estate and could be adjusted against future commission. en-us Wed, 08 Oct 1930 00:00:00 +0530 Fri, 24 Jul 2020 17:42:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=289314 A receiver's commission must be computed on the real sale proceeds actually realised, not on a fictitious or notional amount never received. On that basis, trade discount was excluded from the commission base, while freight and packing charges could be included because they formed part of the sums actually received. The court also declined to remove the receivers, but held that their duties needed clearer definition to protect the estate. Any excess commission already retained was treated as a debt due to the estate and could be adjusted against future commission. Case-Laws Indian Laws Wed, 08 Oct 1930 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=289314