Protection & furtherance of interests of trade & commerce is charitable purpose u/s. 2(15)

Federation of Trade Association of Pune Vs CIT (ITAT Pune) This appeal by the assessee is directed against the order passed by the ld. CIT(Exemptions), Pune on 29-09-2017 denying the registration u/s. 12AA of the Income-tax Act, 1961 (hereinafter also called ‘the Act’). 2. Briefly stated, the facts of the case are that the assessee moved an application for grant of registration u/s. 12A of the Act. The ld. CIT(E) called upon the assessee to explain as to how it was covered within the definition of ‘Charitable purpose’ as per section 2(15) of the Act when it was charging membership fee....