CENTRAL BOARD OF DIRECT TAXES & ORS. NEW DELHI vs OBEROI HOTELS (INDIA) PVT. LTD.

The Supreme Court upheld the Delhi High Court's decision quashing the CBDT's non-approval under Section 80-0 of the Income Tax Act, 1961 for an agreement with a foreign enterprise. The Court emphasized that the CBDT failed to provide any grounds for its refusal, which is a violation of the principles of natural justice. The ruling established that the CBDT must communicate reasons for its decisions, ensuring transparency and accountability in administrative actions.