Tax approval under section 36(1)(viii) confirms long term finance corporations qualify for tax treatment, subject to statutory compliance. Approval is granted to M/s Risk Capital and Technology Finance Corporation Ltd., New Delhi, as a corporation engaged in providing long term finance for industrial and infrastructure development for the purposes of section 36(1)(viii) of the Income tax Act, 1961, for the relevant assessment year, subject to the condition that the company will conform to and comply with the provisions of that section.
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Provisions expressly mentioned in the judgment/order text.
Tax approval under section 36(1)(viii) confirms long term finance corporations qualify for tax treatment, subject to statutory compliance.
Approval is granted to M/s Risk Capital and Technology Finance Corporation Ltd., New Delhi, as a corporation engaged in providing long term finance for industrial and infrastructure development for the purposes of section 36(1)(viii) of the Income tax Act, 1961, for the relevant assessment year, subject to the condition that the company will conform to and comply with the provisions of that section.
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