2018 (4) TMI 1523

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....ed an application for registration under section 12AA of the Income Tax Act, 1961 (hereinafter referred to as "Act") with the following main objects:- a) To promote and encourage unanimity and friendly feeling among the machinery merchants carrying on trade in mills stores, oil engines, expeller and gin machinery spare parts and other allied machinery; tractors, pump-sets and other agricultural machinery and equipment; workshop and foundry equipment and machinery, equipment, spare parts etc. and to find ways and means to develop the trade in the above lines and to all that is necessary in this direction without any restriction of any caste, creed, religion or community. b) To organize, maintain, protect, promote and assist....

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....)] 3) ACIT vs. Delhi Brick Kiln Owners Association [(1980) 4 Taxman 420 (Delhi)] 4) Andhra Pradesh Grain & Seeds Merchants Association vs. DCIT (E) [ITA No. 1242/Hyderabad/2013, dated 01/04/2014 (Hyderabad Tribunal)] 5. On the other hand, ld. Departmental Representative relied on the order passed by the Commissioner. 6. We have heard both the parties, perused the material available on record and gone through orders of the authorities below. 7. The assessee-The Vijayawada Machinery Merchants Association is a registered society and one of the main objects is to promote and encourage unanimity and friendly feeling among the machinery merchants carrying on trade in mills stores, oil engines, expeller and gin machinery....

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....the same issue in the case of The Eluru Jewellers & Bullion Merchants Association vs. CIT in ITA No. 419/Vizag/2012, dated 30/11/2016, wherein it has been held as under:- "9. We have heard both the parties, perused the materials available on record and gone through the orders of the authorities below. The assessee association was formed in the year 1947 with the main objects to protect the interest of the jewellers and bullion merchants. Though some of the objects provide for charity, particularly object no.9 i.e. collecting the donations for the benefit of the poor and under privileged and providing financial help to the poor students for their education. From the details filed by the assessee, we find that since 1947, the assesse....