Approval under section 36(1)(viii) conditions tax recognition on housing finance firms' filings and reserve maintenance. Approval is granted to Vijaya Home Loans Ltd., Bangalore for tax recognition under section 36(1)(viii) for assessment years 1998-99 to 2000-2001, conditional on carrying on long-term residential housing finance as the main object, annual submission of audited accounts and a deduction statement before the return filing due date, creation and maintenance of the required special reserve, and fulfillment of all other statutory conditions.
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Provisions expressly mentioned in the judgment/order text.
Approval under section 36(1)(viii) conditions tax recognition on housing finance firms' filings and reserve maintenance.
Approval is granted to Vijaya Home Loans Ltd., Bangalore for tax recognition under section 36(1)(viii) for assessment years 1998-99 to 2000-2001, conditional on carrying on long-term residential housing finance as the main object, annual submission of audited accounts and a deduction statement before the return filing due date, creation and maintenance of the required special reserve, and fulfillment of all other statutory conditions.
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