No perquisites if contribution to society for meeting education of employee's children never crossed Rs. 1,000 pm

IT: Where assessee made part payment of fees of childrens of its employees to one Educational Society to recoup deficiency suffered by said society and burden borne per child per month had never crossed Rs. 1000, no perquisite would arose in hands of employees of assessee

from www.taxmann.com Latest Case Laws https://ift.tt/2Mv9wrU