Assessee was an association of steel re-rollers. It had filed an application for registration u/s 12AB. However, the CIT (E) rejected the same on the ground that activities of the Assessee were in the nature of trade and commerce and not for charitable purposes. It was observed that the Assessee was established in order to organize and unite manufacturers of steel Re-Rollers and people of similar business and certain other connected/incidental/ancillary objects. Further, there was no observation by the CIT (Exemptions) that any activity of the Assessee was in the nature of trade or commerce. Therefore, since the Assessee fulfilled the stipulated conditions to fall within the definition of charitable purpose as defined in S. 2(15) of the Act, registration u/s 12AB was to be granted to the assessee.