https://www.taxtmi.com/caselaws?id=49557 The court held that the managing agency commission accrued at the end of the financial year, not at the time of each sale. The interpretation aligned with the managing agency agreement and precedent set in a relevant case. The assessee company was deemed liable for tax on the entire commission accrued by a specific date. The appeal was dismissed, affirming the High Court's decision and imposing costs on the appellant. en-us Tue, 03 May 1960 00:00:00 +0530 Tue, 02 Sep 2014 20:49:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=49557 The court held that the managing agency commission accrued at the end of the financial year, not at the time of each sale. The interpretation aligned with the managing agency agreement and precedent set in a relevant case. The assessee company was deemed liable for tax on the entire commission accrued by a specific date. The appeal was dismissed, affirming the High Court's decision and imposing costs on the appellant. Case-Laws Income Tax Tue, 03 May 1960 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=49557