Capitalisation of post commissioning interest disallowed, so such interest cannot support investment allowance or depreciation. Interest attributable to the period after installation and commencement of production may not be capitalised; amounts capitalised for such post commissioning interest, including future interest, do not qualify for investment allowance or depreciation. An earlier Board instruction misstated the statutory effective year by oversight; that reference is corrected to reflect the statute's actual commencement date, and officers should note the clarification.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Capitalisation of post commissioning interest disallowed, so such interest cannot support investment allowance or depreciation.
Interest attributable to the period after installation and commencement of production may not be capitalised; amounts capitalised for such post commissioning interest, including future interest, do not qualify for investment allowance or depreciation. An earlier Board instruction misstated the statutory effective year by oversight; that reference is corrected to reflect the statute's actual commencement date, and officers should note the clarification.
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