ITAT allowed the appeal and directed to grant registration u/s ...

Manufacturers' association granted tax exemption for promoting trade interests.

December 23, 2024

Case Laws Income Tax AT

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.

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ITAT allowed the appeal and directed to grant registration u/s ...

Manufacturers' association granted tax exemption for promoting trade interests.

December 23, 2024

Case Laws Income Tax AT

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