If the amounts had been actually handed over to the Aditanar College during the assessment years in question, the assessee companyld claim the benefit of exemption under Section 11 as the companylege has been established only for the educational purposes and numberpart of its fund can be utilised for number charitable purposes, and the Revenue cannot insist that unless the educational institution expends the amount donated by the assessee within the assessment year, the assessee cannot claim the benefit of exemption under Section 11.
