Duty of assessee does not extend beyond disclosure of all material facts in reassessment

Brief of the case: Bench of ITAT Delhi reversed the order passed by CIT (A) in which he confirmed the reassessment order after the lapse of four year when no new facts was revealed by the AO.

Facts of the case:

• Assessee was engaged in the business of producing customize software/programs for broadcasters like Star TV, BBC etc.
• The assessee filed its return of income on 02.12.2003, declaring total income at Rs.14,41,49,689/- after claiming dedu

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