https://www.taxtmi.com/caselaws?id=16228 Exemption under section 5(1)(xii) of the Gift-tax Act for educational expenses of a minor donee was determined on a reasonable estimate of the child's annual education cost over the relevant period. The Gift-tax Officer had allowed a lower amount, but the appellate authority enhanced the exemption to Rs. 25,000 and the Tribunal accepted that approach. The Madras High Court found no infirmity in that factual assessment and declined to interfere, thereby upholding the exemption at Rs. 25,000 and answering the issue against the assessee and in favour of the Revenue. en-us Tue, 21 Apr 1998 00:00:00 +0530 Fri, 04 Sep 2009 16:12:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=16228 Exemption under section 5(1)(xii) of the Gift-tax Act for educational expenses of a minor donee was determined on a reasonable estimate of the child's annual education cost over the relevant period. The Gift-tax Officer had allowed a lower amount, but the appellate authority enhanced the exemption to Rs. 25,000 and the Tribunal accepted that approach. The Madras High Court found no infirmity in that factual assessment and declined to interfere, thereby upholding the exemption at Rs. 25,000 and answering the issue against the assessee and in favour of the Revenue. Case-Laws Income Tax Tue, 21 Apr 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=16228