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2017 (8) TMI 183 - HC - Income TaxRestoration of registration under Section 12A - Held that:- In view of restoration of registration under Section 12A, Assessing Officer has now to compute income as per Section 11 and 12 of Act, 1961 and if Assesses is able to establish that 85 percent or more of the income of Assessee has been utilized for the purpose of Assessee then income of Assessee should be exempted.
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