Section 80IA deduction and section 80HHC profit computation referred for adjudication on tax treatment

The appeal concerns the interaction between deductions under the Income-tax Act, specifically whether deduction allowed under section 80IA must be reduced while computing business profits eligible for deduction under section 80HHC. The High Court admitted the appeal and referred this substantial question of law for adjudication, indicating that the controversy turned on the correct method of calculating profits for section 80HHC after granting section 80IA relief. No substantive determination on the merits is recorded in the text.

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