Gross receipts, less returns and allowances definition
Gross receipts, less returns and allowances means the sum of the gross receipts from the production of business income, as defined in R&TC Section 25120(a), and the gross receipts from the production of nonbusiness income, as defined in R&TC Section 25120(d).
Gross receipts, less returns and allowances. ’ means the sum of the gross receipts from the production of business income, as defined in R&TC