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2011 (4) TMI 1494 - ITAT CHENNAIExtract: ....... assessee is entitled to exemption as provided u/s 11 of the Act. Having held so, interest levied u/s 234A and 234B will also not survive. We, therefore, set aside the order of the ld. CIT(A) and allow the appeal of the assessee. 15. In the result, the appeal of the assessee-trust stands allowed. The order pronounced in the open court on 19.4.2011.
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