1994 (1) TMI 73

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....ase are that the assessee settled certain properties on his minor son and two minor daughters by a deed dated March 4, 1971. The document recited that the gift was for the purpose of education of the three children. The Appellate Tribunal found that the boy was studying in the seventh standard and the probable expenses for school education, college education and post-graduate education would come ....

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....the Revenue drew our attention to the decision of the Bombay High Court in K. M. Sheth v. CGT [1988] 170 ITR 406 and contended that the education referred to in that section should be confined to higher education and specialised education and not the normal education that any parent was expected to give to his children. We have gone through that decision and we find that on the facts it was found ....

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....ion and must include even the normal expenditure which any parent is expected to meet. It is only to prevent the assessee from transferring larger amounts by camouflaging it as an amount set apart for meeting the education that instructions had been given by the Central Board of Direct Taxes to the Assessing Officers to be alert and to see that the transfer is really meant for meeting the educatio....