Section 12AA Registration Cannot Be Denied for Income Application Outside India; Assessing Officer Reviews u/s 11.

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....Application for registration u/s 12AA - with regard to the condition that the assessee should apply its income only in India, such a condition is existing only u/s 11 and the AO is required to consider the application of income while allowing the exemption u/s 11 - registration cannot be denied - AT....