Allowing the appeal of the Revenue the Court held that the  mere grant of registration under section 12AA would not entitle the assessee to claim exemption under sections 11 and 12 of the Act without fulfilling the other prerequisite conditions stipulated therein. According to the provisions of sections 11, 12, 12AA and 13 and in the light of judicial precedents the grant of registration under section 12AA could not ipso facto give the assessee exemption under sections 11 and 12. An independent examination by applying the relevant provisions of law was required by the authorities regarding the satisfaction of other conditions by the assessee for grant of exemption. The matter remanded to the Assessing Officer. Relied on  CIT v. Red Rose School (2007) 212 CTR (All)(HC). (AY. 2003-04 to 2006-07)