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<h1>Approval under section 36(1)(viii): tax recognition subject to audited accounts, prescribed reserve, business object and statutory compliance.</h1> Approval of M/s Happy Home Profin Limited under section 36(1)(viii) for assessment year 1999-2000 is granted subject to conditions: main object of providing long term finance for residential housing; annual submission of audited profit and loss account and balance sheet with the statement of deduction before the due date for filing returns under section 139(1); creation and maintenance of the required special reserve; and fulfillment of all other conditions of section 36(1)(viii).