394 Effect of giving relief under section 381 by reference to capital allowances.

[ITA67 s320]

Where for any year of claim relief is given under section 381 by reference to any capital allowances, then, for the purposes of the Income Tax Acts, effect shall be deemed to have been given to those allowances up to the amount in respect of which relief is so given, and any relief previously given for a subsequent year on the basis that effect had not been so given to those allowances shall be adjusted, where necessary, ^[1]>by additional assessment^<[1][1]>by amended assessment^<[1].