https://www.taxtmi.com/caselaws?id=467237 The note addresses entitlement to registration under section 12AA read with section 12A for an assessee-trust created as an investor protection/indemnity fund. It applies coordinating Tribunal reasoning that trusts whose corpus is built by prescribed contributions (not by quid pro quo charges on individual investors) qualify as public charitable funds advancing objects of general public utility; mandatory/prescribed funding mechanisms do not convert the object into a commercial service or private benefit. Applying that principle, the trust meets the character of a public charitable fund and registration under section 12AA/12A is to be granted. en-us Tue, 08 Apr 2014 00:00:00 +0530 Wed, 11 Mar 2026 17:03:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=467237 The note addresses entitlement to registration under section 12AA read with section 12A for an assessee-trust created as an investor protection/indemnity fund. It applies coordinating Tribunal reasoning that trusts whose corpus is built by prescribed contributions (not by quid pro quo charges on individual investors) qualify as public charitable funds advancing objects of general public utility; mandatory/prescribed funding mechanisms do not convert the object into a commercial service or private benefit. Applying that principle, the trust meets the character of a public charitable fund and registration under section 12AA/12A is to be granted. Case-Laws Income Tax Tue, 08 Apr 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=467237