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    <title>Amendment of section 12A</title>
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    <description>The amendment makes applicability of income-exemption provisions contingent on statutory registration: applicants must submit the prescribed form and manner to the Commissioner and be registered under the statutory registration provision; where application is made on or after the operative date, the exemption provisions apply from the assessment year immediately following the financial year in which the application is made.</description>
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      <description>The amendment makes applicability of income-exemption provisions contingent on statutory registration: applicants must submit the prescribed form and manner to the Commissioner and be registered under the statutory registration provision; where application is made on or after the operative date, the exemption provisions apply from the assessment year immediately following the financial year in which the application is made.</description>
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