https://www.taxtmi.com/caselaws?id=27331 The court set aside the Central Board of Direct Taxes' decision to reject a partnership firm's application to reopen assessments under Section 119(2)(b) of the Income Tax Act for failing to provide adequate reasons. The court emphasized the need for the Board to at least briefly explain its basis for rejection and directed a fresh consideration of the application, possibly including a personal hearing. The court declined to intervene on the circular's applicability but instructed a reevaluation in accordance with its findings, without awarding costs to either party. en-us Mon, 12 Dec 1983 00:00:00 +0530 Fri, 12 Feb 2010 11:52:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=27331 The court set aside the Central Board of Direct Taxes' decision to reject a partnership firm's application to reopen assessments under Section 119(2)(b) of the Income Tax Act for failing to provide adequate reasons. The court emphasized the need for the Board to at least briefly explain its basis for rejection and directed a fresh consideration of the application, possibly including a personal hearing. The court declined to intervene on the circular's applicability but instructed a reevaluation in accordance with its findings, without awarding costs to either party. Case-Laws Income Tax Mon, 12 Dec 1983 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=27331