https://www.taxtmi.com/caselaws?id=12722 Investment allowance was available for tools and dies manufactured by the assessee and capitalised as assets, but the benefit could not be claimed twice on both the machinery used to make those tools and dies and the tools and dies themselves. The allowance was therefore confined to the asset on which the claim was properly admissible. The reserve requirement was also satisfied, as the reserve had been created in adequate measure and debited to the profit and loss account. The reference was thus resolved substantially in favour of the assessee, subject to the limitation against double allowance. en-us Mon, 03 Dec 2001 00:00:00 +0530 Thu, 21 May 2009 15:38:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=12722 Investment allowance was available for tools and dies manufactured by the assessee and capitalised as assets, but the benefit could not be claimed twice on both the machinery used to make those tools and dies and the tools and dies themselves. The allowance was therefore confined to the asset on which the claim was properly admissible. The reserve requirement was also satisfied, as the reserve had been created in adequate measure and debited to the profit and loss account. The reference was thus resolved substantially in favour of the assessee, subject to the limitation against double allowance. Case-Laws Income Tax Mon, 03 Dec 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=12722