https://www.taxtmi.com/caselaws?id=61833 The Tribunal held that the levy of penalty under section 273(2)(aa) was without jurisdiction due to the lack of proper satisfaction regarding the nature of the offense during the assessment proceedings. The appeals were allowed, and the penalty orders were quashed. The Tribunal did not find it necessary to go into the merits of the case for the levy of penalty under section 273(2)(aa). en-us Mon, 10 Feb 1992 00:00:00 +0530 Sat, 15 Jan 2011 15:29:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=61833 The Tribunal held that the levy of penalty under section 273(2)(aa) was without jurisdiction due to the lack of proper satisfaction regarding the nature of the offense during the assessment proceedings. The appeals were allowed, and the penalty orders were quashed. The Tribunal did not find it necessary to go into the merits of the case for the levy of penalty under section 273(2)(aa). Case-Laws Income Tax Mon, 10 Feb 1992 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=61833