ITAA 1936 s 28(1)

Income tax: a wholesaler of computers loans demonstration computers ('demonstrators') to prospective purchasers (including retailers) on the basis of 'approval or return'. The wholesaler retains ownership at the time of providing the demonstrators. Are the demonstrators 'trading stock on hand' of the wholesaler for the purposes of subsection 28(1) of the Income Tax Assessment Act 1936?

Income tax: income from the sale of tobacco leaf