2017 (7) TMI 1228

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..... ompany registered under Section 25 of Companies Act, 1956 as 'non-profit marketing entity'. In furtherance of objects of Assessee of making available artificial limbs to needed persons and without earning any profit Assessee was declined exemption and this has been indicated by both appellate authorities by recording a concurrent findings against Revenue. In absence of anything to show against .....

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..... 09.2014 passed by Income Tax Appellate Tribunal, Lucknow Bench A , Lucknow (hereinafter referred to as 'Tribunal) in I.T.A. No.514/LKW/2014. 3. Assessing Officer had simply observed that Assessee M/s Artificial Limbs Manufacturing Corporation of India is engaged in business of manufacturing and sale of artificial limbs etc. and earning profits, therefore, is not entitled for exemption. In .....

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..... ithout earning any profit Assessee was declined exemption and this has been indicated by both appellate authorities by recording a concurrent findings against Revenue. 5. In absence of anything to show against concurrent findings recorded by appellate authorities, in our view, no question, what to say substantial question, has arisen in this appeal. Hence, appeal deserves to be dismissed at adm .....

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