ITAT allowed the appeal and directed to grant registration u/s...

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.