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Sec. 11 & 12AA of Income Tax Act, 1961 — Exemption — The registration under Section 12A of the Act shall be deemed to have taken effect after six months from the date of presentation of the application. Mere grant of registration to the assessee shall not result in grant of benefit to it ipso facto under Sections 11 and 12 of the Act. 54 ITCD 069 (KARN)