In the result, the penalty is directed to be deleted and appeal of the assessee is allowed
2- 4 Jaipur (ITA No. 1033/JP/2016) has cancelled the penalty by holding that: - “3.2 We have heard the rival contention, perused the material available on record and gone through the orders of the authorities below. For the sake of clarity the relevant contents of the Assessment order are reproduced as under: -“ “Penalty u/s 271 (1) (c) is separately as assessee