ASSISTANT COMMR.OF I.T.INDORE vs M/S NEW SACK PVT.LTD.

The Supreme Court addressed the interpretation of Section 80IA of the Income Tax Act, specifically whether the entire eligible income should be considered for deduction without deducting export incentives. The Court noted that this question was not previously answered by the Income Tax Appellate Tribunal or the High Court. The Court granted the appellant the liberty to raise this issue before the High Court, which may remit the case back to the Tribunal for factual findings if necessary, thereby disposing of the civil appeal without costs.