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QUESTION 1 ( 1 9 marks ) Buy - a - lot ( Pty ) Ltd ( a South African company ) sells various products

QUESTION 1(19 marks)
Buy-a-lot (Pty) Ltd (a South African company) sells various products online and delivers for free. Its year of assessment ends on 31 March 2024 and it operates from offices and warehouses that are located in Johannesburg. Customers must pay the full purchase price of the product on the date that the online order is submitted. The company's terms and conditions state that if a customer is not satisfied or does not like the product after receipt of the product, he/she can return the product within two weeks after the delivery date and Buy-a-lot (Pty) Ltd will provide a full refund of the purchase price.
Mrs Khumalo ordered a pair of blue high heel shoes on 25 March 2024 and made an EFT (electronic fund transfer) payment of R900 on the same date. The shoes were delivered on 29 March 2024. Mrs Khumalo realised that the heel was higher than what she expected and decided to return the shoes. She successfully logged a return request online on 31 March 2024. Buy-a-lot (Pty) Ltd processed the return on 2 April 2024 and paid the R900 into Mrs Khumalo's bank account on the same date.
Buy-a-lot (Pty) Ltd made a provision for product returns of R30000 on 31 March 2024.
\table[[,REQUIRED,MARI],[a.,\table[[Discuss whether the R900 sale of the blue high heel shoes will constitute gross],[income for Buy-a-lot (Pty) Ltd for the 2024 year of assessment. List the requirements],[of the gross income definition and briefly discuss each requirement using the given],[information at hand.],[Make a brief reference to relevant case law to strengthen your argument.]],12
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