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    <title>Denial of Tax Exemption u/s 11/12 Deemed Inappropriate Due to Lack of Benefit to Specified Person.</title>
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      <description>Exemption u/s 11 - application of income - since no benefit has been enured to the specified person from the impugned transaction, denial of exemption u/s 11/12 of the Act is uncalled for.</description>
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