High Court Dismisses Revenue Appeal: No Reassessment Without Incriminating Evidence

PCIT Vs Mirage Homes Ltd. (Delhi High Court) No Incriminating Material, No 153A Assessment: Completed Assessment Cannot Be Disturbed Without Incriminating Evidence: HC Reaffirms Delhi High Court dismissed Revenue’s appeal against the ITAT order dated 16.01.2023 for AY 2004-05. The Court noted that an identical appeal of the same assessee for AY 2007-08 (ITA 686/2025) had already been dismissed on 28.11.2025. In that case, both CIT(A) & Tribunal had concurrently recorded a categorical finding that no incriminating material whatsoever was found during the search, & therefore reassessme...