Agricultural Marketing Committee Eligible for Tax-Exempt Status u/s 12A/12AA by Complying with Section 11(5)(iii) Requirements.

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....Allowability of registration u/s 12AA - Under section 11 (5)(iii), deposit of the moneys in a scheduled bank is substantial compliance with the law – Therefore, agricultural marketing committee is entitled to be registered under section 12A/12AA - AT....