Held that the assessee, a distributor of the  Mother Dairy and Vegetables Pvt Ltd   and a retired army personnel, was under the bona fide belief that no books of account were required to be maintained since the only source of earning income was commission as fixed by the Mother Dairy and Vegetables Pvt Ltd   on the sale of milk and other products, and there was no need of any audit of accounts. Therefore, the penalty was not leviable.  Penalty is deleted.  (AY.2017-18)