Exceeding Income Limits Doesn't Automatically Cancel Section 11 Exemption; Evaluated During Assessment Stage.

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....Exemption u/s 11 - cancellation of registration - The Circular, in the context of income limits under the proviso also explains that merely because in a particular year the limits may be exceeded is not a good ground to cancel the registration itself, though, all these aspects, can be taken into consideration at the stage of assessment.....