https://www.taxtmi.com/highlights?id=84223 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. en-us Mon, 23 Dec 2024 08:43:26 +0530 Mon, 23 Dec 2024 08:43:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=84223 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. Highlights Income Tax Mon, 23 Dec 2024 08:43:26 +0530 https://www.taxtmi.com/highlights?id=84223