https://www.taxtmi.com/caselaws?id=788475 Registration under Section 12AB and consequential approval under Section 80G must be examined on the basis of the assessee's actual activities and receipts, not merely its characterisation as an industry body. The Tribunal noted evidence of public-facing functions such as grievance redressal, depositor education, awareness programmes, digital capacity building, consumer protection and policy research, and held that the proviso to Section 2(15) requires a fresh factual review in light of Supreme Court guidance. The matter was remitted to the Commissioner (Exemptions) for reconsideration of whether the activities fall within advancement of general public utility or within the trade, commerce or business exclusion. en-us Wed, 11 Mar 2026 00:00:00 +0530 Fri, 20 Mar 2026 15:03:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=788475 Registration under Section 12AB and consequential approval under Section 80G must be examined on the basis of the assessee's actual activities and receipts, not merely its characterisation as an industry body. The Tribunal noted evidence of public-facing functions such as grievance redressal, depositor education, awareness programmes, digital capacity building, consumer protection and policy research, and held that the proviso to Section 2(15) requires a fresh factual review in light of Supreme Court guidance. The matter was remitted to the Commissioner (Exemptions) for reconsideration of whether the activities fall within advancement of general public utility or within the trade, commerce or business exclusion. Case-Laws Income Tax Wed, 11 Mar 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=788475