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Amendment of section 12A.

..... ll be inserted with effect from the 1st day of June, 2020, namely:- (ac) notwithstanding anything contained in clauses (a) to (ab), the person in receipt of the income has made an application in the prescribed form and manner to the Principal Commissioner or Commissioner, for registration of the trust or institution,- (i) where the trust or institution is registered under section 12A [as it stood immediately before its amendment by the Finance (No. 2) Act, 1996] (33 of 1996.) or under section 12AA, [as it stood immediately before its amendment by the Finance Act, 2020] within three months from the date on which this clause has come into force; (ii) where the trust or institution is registered under section 12AB and the period of the said re .....

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..... that", the following shall be substituted, namely:- Provided that the provisions of sections 11 and 12 shall apply to a trust or institution, where the application is made under- (a) sub-clause (i) of clause (ac) of sub-section (1), from the assessment year from which such trust or institution was earlier granted registration; (b) sub-clause (iii) of clause (ac) of sub-section (1), from the first of the assessment years for which it was provisionally registered: Provided further that ; (B) in the second proviso, for the words Provided further , the words Provided also shall be substituted; (C) in the first and third provisos, after the word, figures and letters section 12AA , the words, figures and letters or section 12AB shall be inse .....

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..... due to proviso to sub-section (7) of section 11, at least six months prior to commencement of the assessment year from which said registration is sought to be made operative; where the trust or institution has adopted or undertaken modifications of the objects which do not conform to the conditions of registration, within a period of thirty days from the date of said adoption or modification, in any other case, at least one month prior to commencement of the previous year relevant to the assessment year from which said registration is sought. This amendment will take effect from 1st June, 2020. It is further proposed to consequentially amend clause (b) of sub-section (1) of the said section so as to provide that such trust or institution s .....

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