Taxation Determination
TD 92/155A1 - Addendum
Income tax: under what circumstances is an average cost method acceptable in determining cost price of newsprint for closing stock valuation?
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Addendum
This Addendum amends Taxation Determination TD 92/155 to reflect the changes to the law caused by the repeal of inoperative provisions.
TD 92/155 is amended as follows:
Omit 'subsection 31(1)'; substitute 'section 70-45 of the Income Tax Assessment Act 1997'.
Omit the references; substitute 'ITAA 1936 262A, ITAA 1997 70-45'.
This Addendum applies on and from 1 July 1997.
Commissioner of Taxation
20 July 2011
References