2017 (7) TMI 1228

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.... for Appellant :- Alok Mathur Counsel for Respondent :- Ashish Bansal, Shashank Dhaon, Surendra Kumar Garg ORDER 1. Heard Shri Alok Mathur, learned counsel appearing for appellant, and Shri Shashank Dhaon, learned counsel appearing for respondent. 2. This appeal preferred under Section 260A of Income Tax Act, 1961 (hereinafter referred to as 'Act, 1961') is directed against jud....

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....nt could not dispute that Assessing Officer has simply observed that Assessee, since engaged in business of manufacturing and sale of artificial limbs, is earning profit, but has completely ignored the fact that Assessee is a company registered under Section 25 of Companies Act, 1956 as 'non-profit marketing entity'. In furtherance of objects of Assessee of making available artificial limb....