Section 80IB(10) Disallowance Becomes Academic After Reassessment Is Quashed

DCIT Vs Bombay Slum Redevelopment Corporation Pvt. Ltd. (ITAT Mumbai) 80IB(10) Disallowance on SLP Ground Becomes Academic: ITAT Mumbai Dismisses Revenue Appeal After Bombay HC Quashes Reassessment ITAT Mumbai (B Bench) in DCIT vs Bombay Slum Redevelopment Corporation Pvt. Ltd. (ITA No. 6126/Mum/2025, AY 2015-16, order dated 23.12.2025) has dismissed the Revenue’s appeal, holding that once the Bombay High Court has quashed the reassessment notice u/s 148 and all consequential proceedings, the Revenue’s challenge to deletion of deduction u/s 80IB(10) becomes purely academic. The Assessee, e...