https://www.taxtmi.com/caselaws?id=467237 Investor protection and indemnity funds constituted under commodity exchange arrangements may qualify as public charitable funds advancing an object of general public utility where their corpus is built through prescribed contributions rather than quid pro quo charges on individual investors. Mandatory or prescribed contributions by exchanges and related mechanisms do not by themselves make the fund a service for trade or a private benefit. On this basis, the trust's objects and corpus-building mechanism support registration under sections 12AA and 12A. Eligibility under section 10(23EA), or the proposition that registration is non-mandatory, does not justify denying registration. 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 Investor protection and indemnity funds constituted under commodity exchange arrangements may qualify as public charitable funds advancing an object of general public utility where their corpus is built through prescribed contributions rather than quid pro quo charges on individual investors. Mandatory or prescribed contributions by exchanges and related mechanisms do not by themselves make the fund a service for trade or a private benefit. On this basis, the trust's objects and corpus-building mechanism support registration under sections 12AA and 12A. Eligibility under section 10(23EA), or the proposition that registration is non-mandatory, does not justify denying registration. Case-Laws Income Tax Tue, 08 Apr 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=467237