Approval as Housing Finance Company permits tax treatment benefits under the Income tax provision, subject to statutory compliance. Approval granted to Cent Bank Home Finance Ltd., Arera Hills, Bhopal, as a Housing Finance Company for the purposes of the Income-tax Act provision governing tax treatment of housing finance companies, covering the assessment years 1995-96 to 1997-98. The approval is expressly conditional: the company must conform to and comply with the statutory provisions governing the tax treatment of housing finance companies.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Approval as Housing Finance Company permits tax treatment benefits under the Income tax provision, subject to statutory compliance.
Approval granted to Cent Bank Home Finance Ltd., Arera Hills, Bhopal, as a Housing Finance Company for the purposes of the Income-tax Act provision governing tax treatment of housing finance companies, covering the assessment years 1995-96 to 1997-98. The approval is expressly conditional: the company must conform to and comply with the statutory provisions governing the tax treatment of housing finance companies.
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