Approval under Section 36(1)(viii): company qualifies subject to annual audited accounts, deduction statement and reserve conditions. Approval is accorded to Anagram Housing Finance Ltd. for the purposes of Section 36(1)(viii) of the Income tax Act, 1961 for assessment years 1996-97 to 1998-99. The approval is conditional on the company's main object being long term housing finance, annual submission of audited profit and loss account and balance sheet with the statement of deduction before the return filing due date, creation and maintenance of the required special reserve, and fulfillment 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): company qualifies subject to annual audited accounts, deduction statement and reserve conditions.
Approval is accorded to Anagram Housing Finance Ltd. for the purposes of Section 36(1)(viii) of the Income tax Act, 1961 for assessment years 1996-97 to 1998-99. The approval is conditional on the company's main object being long term housing finance, annual submission of audited profit and loss account and balance sheet with the statement of deduction before the return filing due date, creation and maintenance of the required special reserve, and fulfillment of all other conditions of Section 36(1)(viii).
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
Join Channel
TaxTMI 
