Approval under section 36(1)(viii): housing finance companies allowed deduction subject to filings and special reserve requirements. Approval under section 36(1)(viii) is accorded to specified housing finance companies for listed assessment years, conditional on the company's main object being long-term finance for residential housing; annual submission of audited profit and loss account, balance-sheet and statement of deduction before the due date for filing return under section 139(1); creation and maintenance of the required special reserve; and satisfaction of all other conditions of section 36(1)(viii).
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 under section 36(1)(viii): housing finance companies allowed deduction subject to filings and special reserve requirements.
Approval under section 36(1)(viii) is accorded to specified housing finance companies for listed assessment years, conditional on the company's main object being long-term finance for residential housing; annual submission of audited profit and loss account, balance-sheet and statement of deduction before the due date for filing return under section 139(1); creation and maintenance of the required special reserve; and satisfaction of all other conditions of section 36(1)(viii).
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