https://www.taxtmi.com/caselaws?id=275044 The High Court dismissed the appeal challenging the denial of exemption to a company registered under Section 12AA of the Income Tax Act, engaged in providing artificial limbs. The Court affirmed the company's status as a 'non-profit marketing entity' under Section 25 of the Companies Act, emphasizing its objective of providing services without profit. The Court found no substantial legal question in the appeal, leading to its dismissal at the admission stage. Additionally, a delay in filing the appeal was condoned due to sufficient cause shown. en-us Mon, 17 Jul 2017 00:00:00 +0530 Sun, 16 Sep 2018 18:22:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=275044 The High Court dismissed the appeal challenging the denial of exemption to a company registered under Section 12AA of the Income Tax Act, engaged in providing artificial limbs. The Court affirmed the company's status as a 'non-profit marketing entity' under Section 25 of the Companies Act, emphasizing its objective of providing services without profit. The Court found no substantial legal question in the appeal, leading to its dismissal at the admission stage. Additionally, a delay in filing the appeal was condoned due to sufficient cause shown. Case-Laws Income Tax Mon, 17 Jul 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=275044