CBDT Clarifies Benefits of Sections 11 and 12 Available Pre-Registration Year; Excludes Section 10(23C)(iiiab) Exemptions.

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....Exemption u/s. 10(23C)(iiiab) - As per the CBDT circualr, the benefit of Sections 11/12 of the Act would be available to an assessee for a period prior to the year of registration despite the fact that no application for registration for the said period had been filed. - However, the said circualr is not applicable in respect of exemption u/s 10(23C)(iiiab) - AT....