Money Subject to Repayment Contingency Is Not Gross Income
Money Subject to Repayment Contingency Is Not Gross Income cartoons image illustration picture
Money Subject to Repayment Contingency Is Not Gross Income

Description:
Westpac Pacific Food v. Commissioner; Cash advances in exchange for volume purchase commitments, subject to pro rata repayment if the volume commitments are not met, are not gross income when received; accrual basis.

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