[Code of Federal Regulations]
[Title 26, Volume 18]
[Revised as of April 1, 2004]
From the U.S. Government Printing Office via GPO Access
[CITE: 26CFR301.6501(j)-1]

[Page 369]
 
                       TITLE 26--INTERNAL REVENUE
 
    CHAPTER I--INTERNAL REVENUE SERVICE, DEPARTMENT OF THE TREASURY 
                               (CONTINUED)
 
PART 301_PROCEDURE AND ADMINISTRATION--Table of Contents
 
                               Limitations
 
Sec. 301.6501(j)-1  Investment credit carryback; taxable years ending after 
December 31, 1961.

    With respect to taxable years ending after December 31, 1961, a 
deficiency attributable to the application to the taxpayer of an 
investment credit carryback may be assessed at any time before the 
expiration of the period within which a deficiency for the taxable year 
of the unused investment credit which results in such carryback may be 
assessed, or, with respect to any portion of an investment credit 
carryback from a taxable year attributable to a net operating loss or 
capital loss carryback from a subsequent taxable year, at any time 
before the expiration of the period within which a deficiency for such 
subsequent taxable year may be assessed. For purposes of this section a 
deficiency shall include a deficiency which may be assessed pursuant to 
the provisions of section 6213(b)(2), but only those arising with 
respect to applications for tentative carryback adjustments filed after 
November 2, 1966.

[T.D. 7301, 39 FR 975, Jan. 4, 1974]