Section 12A(2) Clarifies Tax Exemption: Deemed Registration Valid During Assessment and Pending Appeals for Section 11 Exemption.

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....Exemption u/s.11 - deemed registration u/s 12AA - applicability of Proviso to Section 12A sub-section (2) during appeal proceedings or restricted to assessment proceedings - benefit of proviso is available not only when the assessment proceedings are pending before the AO but also when an appeal against the assessment order is pending before the ld. CIT(A)- exemption allowed....