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<h1>Parashwanth Housing Finance Corp gains approval as Housing Finance Company for specific assessment years under Income-tax Act, 1961.</h1> M/s. Parashwanth Housing Finance Corporation Limited, located in Ahmedabad, has been approved by the Central Government as a Housing Finance Company under section 36(1)(viii) of the Income-tax Act, 1961. This approval applies to the assessment years 1987-88 and 1991-92 to 1994-95. The company must adhere to the provisions outlined in section 36(1)(viii) of the Income-tax Act, 1961. This notification, numbered S.O. 371 and dated January 13, 1994, outlines the conditions for this approval.