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    <title>2012 (10) TMI 895 - ITAT MUMBAI</title>
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    <description>The Tribunal allowed the appellant&#039;s appeal, directing the grant of registration under section 12AA of the Income Tax Act. It held that the appellant&#039;s activities promoting trade and commerce among CEOs were charitable in nature and for public benefit, leading to economic prosperity for the community. The Tribunal rejected the arguments that the activities conducted outside India and the membership restriction to CEOs disqualified the organization from charitable status.</description>
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      <description>The Tribunal allowed the appellant&#039;s appeal, directing the grant of registration under section 12AA of the Income Tax Act. It held that the appellant&#039;s activities promoting trade and commerce among CEOs were charitable in nature and for public benefit, leading to economic prosperity for the community. The Tribunal rejected the arguments that the activities conducted outside India and the membership restriction to CEOs disqualified the organization from charitable status.</description>
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