Bank account freezing requires statutory authority; anti-money-laundering compliance and KYC monitoring do not permit unilateral indefinite restrictio...
Handicraft job work receives concessional GST only for registered principals and predominantly handmade goods; commercial resin articles remain taxabl...
ITAT allowed the appeal and directed to grant registration u/s 12AB. It held that the assessee association's objects of organizing and uniting manufacturers of steel re-rollers and dealing with matters of common trade interest would be treated as charitable purpose u/s 2(15), as the benefit is being given to a section of people. The ITAT relied on the Supreme Court's decision in Bar Council of Maharashtra case to hold that trading bodies promoting and protecting industry are eligible for exemption.
ITAT allowed the appeal and directed to grant registration u/s 12AB. It held that the assessee association's objects of organizing and uniting manufacturers of steel re-rollers and dealing with matters of common trade interest would be treated as charitable purpose u/s 2(15), as the benefit is being given to a section of people. The ITAT relied on the Supreme Court's decision in Bar Council of Maharashtra case to hold that trading bodies promoting and protecting industry are eligible for exemption.
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