High Court Affirms Section 11(2) Income Tax Exemption Cannot Be Denied for Not Providing Future Spending Details.

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....Benefit u/s 11(2) denied - merely because of non-furnishing of the details, as how the said amount is proposed to be spent in future, the assessee cannot be denied the exemption as is admissible under sub-section 2 of Section 11 of the I.T.Act, 1961 - HC....