When you are dealing with NULLs you should be always careful because of 3 valued logic used in Sql Server(when a predicate can be evaluated to TRUE, FALSE or UNKNOWN). Now here is a classic select statement where many newcomers make a mistake, suggesting that the statement would return all rows where Age <> 12 including NULLs.
But if you know the easy fact that comparing NULL to any value, even to NULL itself will evaluate to UNKNOWN it is getting more clear what is going on. WHERE clause will return ONLY those rows where predicate is evaluated to TRUE. Rows where predicate evaluates to FALSE or UNKNOWN will be filtered out from resultset.
Now let's see what is going on behind the scene. You have 4 rows:
ID Name Age
1 X 12
2 Y 12
3 null null
4 Z 12
and the predicate is:
where Age <> 12
When you evaluate this predicate for each row you get:
ID Name Age Evaluation result
1 X 12 FALSE --(because 12 <> 12 is FALSE)
2 Y 12 FALSE --(because 12 <> 12 is FALSE)
3 null null UNKNOWN --(because NULL <> 12 is UNKNOWN)
4 Z 12 FALSE --(because 12 <> 12 is FALSE)
Now remember that WHERE clause will return only rows where predicate evaluates to TRUE and it is clear that you will not get any result because no row evaluates to TRUE.