https://www.taxtmi.com/caselaws?id=65522 The Tribunal ruled that the deduction of Rs. 1,000 per month per child under Rule 3(5) of the Income-tax Rules is only applicable if the cost of education does not exceed Rs. 1,000. The cost of education for tax purposes should include all expenses except for depreciation. The appeals were allowed, directing the Assessing Officer to consider any objections to the computation of cost or perquisite value. en-us Mon, 25 Jun 2007 00:00:00 +0530 Tue, 10 Jul 2012 17:34:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=65522 The Tribunal ruled that the deduction of Rs. 1,000 per month per child under Rule 3(5) of the Income-tax Rules is only applicable if the cost of education does not exceed Rs. 1,000. The cost of education for tax purposes should include all expenses except for depreciation. The appeals were allowed, directing the Assessing Officer to consider any objections to the computation of cost or perquisite value. Case-Laws Income Tax Mon, 25 Jun 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=65522