(a) an amount of a deduction for an outgoing is disallowed under this Division; and
(b) the outgoing was incurred in connection with acquiring an item of * trading stock; and
(c) the item is on hand at the end of an income year;
the amount disallowed is to be disregarded in working out the * cost, market selling value or replacement value of the item at the end of the income year under section 70- 45.
Guide to Subdivision 832-B