https://www.taxtmi.com/caselaws?id=59764 The Appellate Tribunal ITAT CALCUTTA ruled on the disallowance of commission claimed by the assessee-company. The Tribunal held that liability accrual for commission payment depended on the agreement terms, specifically noting that full realization of sale proceeds was required before commission payment could accrue. Emphasizing the importance of the right to enforce payment in court for income accrual, the Tribunal upheld the decision to disallow the claimed commission, in line with a previous Supreme Court judgment on managing agency commission. en-us Wed, 17 Mar 1982 00:00:00 +0530 Sat, 01 Jan 2011 11:01:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=59764 The Appellate Tribunal ITAT CALCUTTA ruled on the disallowance of commission claimed by the assessee-company. The Tribunal held that liability accrual for commission payment depended on the agreement terms, specifically noting that full realization of sale proceeds was required before commission payment could accrue. Emphasizing the importance of the right to enforce payment in court for income accrual, the Tribunal upheld the decision to disallow the claimed commission, in line with a previous Supreme Court judgment on managing agency commission. Case-Laws Income Tax Wed, 17 Mar 1982 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=59764