https://www.taxtmi.com/caselaws?id=65469 The Tribunal upheld the decision to allow a deduction of Rs. 1,000 per child per month while calculating the taxable perquisite for free educational facilities. It was determined that the third proviso below sub-s. (5) of s. 88 should be applied for the financial years 2003-04 and 2004-05, canceling out the perquisite value. Additionally, for the financial years 2001-02 and 2002-03, the matter was referred back to the AO to verify the cost of education and adjust the deduction accordingly. en-us Fri, 13 Jul 2007 00:00:00 +0530 Tue, 10 Jul 2012 16:01:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=65469 The Tribunal upheld the decision to allow a deduction of Rs. 1,000 per child per month while calculating the taxable perquisite for free educational facilities. It was determined that the third proviso below sub-s. (5) of s. 88 should be applied for the financial years 2003-04 and 2004-05, canceling out the perquisite value. Additionally, for the financial years 2001-02 and 2002-03, the matter was referred back to the AO to verify the cost of education and adjust the deduction accordingly. Case-Laws Income Tax Fri, 13 Jul 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=65469