25 November 1988 Income Tax Severed Letter 7-3422 - [Investment Tax Credits]

By services, 22 July, 2022
Official title
[Investment Tax Credits]
Language
English
Document number
Citation name
7-3422
Severed letter type
d7 import status
Drupal 7 entity type
Node
Drupal 7 entity ID
657925
Extra import data
{
"field_external_guid": [],
"field_proprietary_citation": [],
"field_release_date_new": "1988-11-25 07:00:00",
"field_tags": []
}
Main text

DATE NOV 25 1988

TO G.W. Venner Director General Audit Programs Directorate

FROM Small Business and General Division M. Eisner 957-2142

SUBJECT: Investment Tax Credits Ready-Mix Concrete Trucks

This is in reply to your memorandum of November 4, 1988 concerning a position set out in a memorandum to the Halifax District Office which was contrary to the position in paragraph 6 of IT-411 . In that memorandum, we indicated that, based on the Halliburton Services Ltd. case (85 DTC 5336), an investment tax credit could be claimed on the mixer attached to a cement truck.

Since Appeals and Referrals Division have indicated that this issue is still under appeal in the case of Nowsco Well Services Ltd. (88 DTC 6300), we have advised our Legislative Affairs Directorate that any revision to IT-411 should be delayed until the Department's position has been finalized. We have also advised the Halifax District Office to follow the position set out in paragraph 6 of IT-411 . For your further information, copies of this correspondence has been enclosed.

Director General Specialty Rulings Directorate Legislative and Intergovernmental Affairs Branch