1. (1) The records of a taxpayer must clearly reflect and support a claim for all deductions for merchandise returned for credit or refund.

Authority: T.C.A. §§ 67-1-102, 67-6-402, 67-6-102(71)(C), and 67-6-507. Administrative History: Original rule certified June 7, 1974. Amendment filed March 3, 1983; effective June 15, 1983. Amendment filed June 28, 2000; effective September 11, 2000. Public necessity rule filed February 29, 2008; effective through August 12, 2008. Amendment filed March 31, 2008; effective July 29, 2008.