https://www.taxtmi.com/caselaws?id=55918 The tribunal found the penalty under s. 273(2)(aa) to be legally unsustainable due to lack of recorded satisfaction by the ITO and absence of notice to the assessee. The order of the CIT(A) was set aside, and the penalty under s. 273(2)(aa) was revoked, allowing the appeal. Remanding the case to the ITO was deemed futile as the foundational defect could not be rectified. en-us Fri, 10 May 1991 00:00:00 +0530 Tue, 30 Nov 2010 16:37:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=55918 The tribunal found the penalty under s. 273(2)(aa) to be legally unsustainable due to lack of recorded satisfaction by the ITO and absence of notice to the assessee. The order of the CIT(A) was set aside, and the penalty under s. 273(2)(aa) was revoked, allowing the appeal. Remanding the case to the ITO was deemed futile as the foundational defect could not be rectified. Case-Laws Income Tax Fri, 10 May 1991 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=55918