https://www.taxtmi.com/caselaws?id=49583 Managing agency commission accrues where the services earning it are actually performed, not where the amount is computed or credited. On the facts, only minor freight booking and collection work was done at Cochin, while the substantial and responsible management of the shipping business was conducted from Bombay; the record did not show any real managing agency activity at Cochin beyond a nominal office arrangement. The commission for the third managed company, tied to net profits, also accrued at Bombay. The claim for apportionment and partial tax exemption therefore failed. en-us Tue, 19 Apr 1960 00:00:00 +0530 Wed, 03 Sep 2014 11:39:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=49583 Managing agency commission accrues where the services earning it are actually performed, not where the amount is computed or credited. On the facts, only minor freight booking and collection work was done at Cochin, while the substantial and responsible management of the shipping business was conducted from Bombay; the record did not show any real managing agency activity at Cochin beyond a nominal office arrangement. The commission for the third managed company, tied to net profits, also accrued at Bombay. The claim for apportionment and partial tax exemption therefore failed. Case-Laws Income Tax Tue, 19 Apr 1960 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=49583