Approved M/s. Parashwanath Housing Finance Corporation Limited, Ahmedabad u/s 36(1)(viii) - S.O.3075 - Income Tax

Approved M/s. Parashwanath Housing Finance Corporation Limited, Ahmedabad u/s 36(1)(viii) NOTIFICATION NO. S.O.3075 DATED 10-11-1995 It is notified for general information that M/s. Parashwanath Housing Finance Corporation Limited, Harsiddha Chambers, 3rd Floor, Ashram Road, Ahmedabad-380 014 have been approved by the Central Government as a housing finance company for the purposes of section 36(1)( viii ) of the Income-tax Act, 1961, for the assessment years 1995-96 and 1996-97. 2. The approval is subject to the condition that the company will conform to and comply with the provisions of section 36(1)( viii ) of the Income-tax Act, 1961, and the not less than 75 per cent. of investible funds continued are utilised for providing long-term housing finance for residential purposes. [Notification No. 9906/F. No. 204/18/94/ITA.II]