Approval under section 36(1)(viii): housing finance company can claim deduction subject to reserve, audit and annual reporting. Approval under section 36(1)(viii) permits P. N. B. Housing Finance Limited to claim specified deductions linked to long-term housing finance, conditional on its primary object of providing long-term residential finance, annual submission of audited accounts and deduction statements by the return filing due date, creation and maintenance of the mandated special reserve, and satisfaction of all other statutory conditions in 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 company can claim deduction subject to reserve, audit and annual reporting.
Approval under section 36(1)(viii) permits P. N. B. Housing Finance Limited to claim specified deductions linked to long-term housing finance, conditional on its primary object of providing long-term residential finance, annual submission of audited accounts and deduction statements by the return filing due date, creation and maintenance of the mandated special reserve, and satisfaction of all other statutory conditions in section 36(1)(viii).
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