Held that section 2(15) defines charitable purpose as including, inter alia, the advancement of any other object of general public utility. The proviso to this section provides that the advancement of any other object of general public utility shall not be charitable purpose if it involves the carrying on of any activity in the nature of trade and commerce or business etc. subject to certain conditions. The assessee had been set up to promote and protect the interests of trade and commerce. Thus, it satisfied the first condition of being in advancement of any other object of general public utility. Entitle for registration. (AY. 2014-15)
Federation of Trade Association of Pune v. CIT(E) (2021) 90 ITR 79/ 207 DTR 243 / (2022) 192 ITD 138 / 215 TTJ 131 (SN.) (Pune)(Trib.)
S. 12AA : Procedure for registration-Trust or institution-Advancement of any other object of general public utility-Campaign for promotion of trade and commerce-Activities are not in nature of trade, commerce or business-Entitle for registration. [S. 2(15), 11, 12A]