https://www.taxtmi.com/circulars?id=9634 Post-commencement interest relating to the period after commencement of production or installation is revenue in character, cannot be capitalised, and therefore no investment allowance or depreciation can be allowed on capitalised amounts consisting of such interest including future interest; assessing authorities are to reject such claims. en-us Thu, 12 Sep 1985 00:00:00 +0530 Wed, 08 Jun 2011 12:25:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=9634 Post-commencement interest relating to the period after commencement of production or installation is revenue in character, cannot be capitalised, and therefore no investment allowance or depreciation can be allowed on capitalised amounts consisting of such interest including future interest; assessing authorities are to reject such claims. Circulars Income Tax Thu, 12 Sep 1985 00:00:00 +0530 https://www.taxtmi.com/circulars?id=9634