In the result, all the three appeals filed by the assessee are allowed
Bench: Shri Arun Kumar Garodia & Shri Pavan Kumar Gadale
section 273B is applicable and hence, penalty should be deleted. Reliance was placed on the Tribunal order rendered in the case of Shree Vasupujya Swami Shwetamber Jain Sangh Vs. JCIT in ITA Nos. 818 to 821/Bang/2018 dated 20.07.2018, copy of the Tribunal ITA Nos. 399 to 401/Bang/2019 Page 4 of 8 order was submitted and our attention was drawn