Amendment of section 12A.

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....gures and letters "or approved under sub-clause (iv) or sub-clause (v) or sub-clause (vi) or sub-clause (via) of clause (23C) of section 10" shall be inserted; (ii) after the words "the period of the said registration", the words "or approval as the case may be," shall be inserted; (b) in sub-clause (iii),-- (i) after the words, figures and letters "under section 12AB", the wo....

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....nd section 12A of the Income-tax Act relating to conditions for applicability of sections 11 and 12. Sub-section (1) of the said section provides the conditions for applicability of sections 11 and 12 in respect of income of any trust or institution. Clause (ac) of the said sub-section provides that the provisions of section 11 and section 12 shall not apply in relation to the income of any ....

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....ovisionally registered under section 12AB, such trust or institution shall make an application for registration at least six months prior to expiry of period of the provisional registration or within six months of commencement of its activities, whichever is earlier. It is proposed to amend said sub-clauses (ii) and (iii) of clause (ac) of the said sub-section to allow trust or institution appr....