In the result, the appeal of the assessee is dismissed
Bench: Shri Kul Bharat & Shri Anadee Nath Misshra
B. In the second ground of appeal the assessee has raised the objection on the action of the Assessing Officer in not permitting the benefit of Section 11 and 12 of the Income Tax act. In this respect, it is submitted that as mentioned supra, the first proviso to sub-section (2) of Section 12A clearly provides that the registration