Approved SREI Home Finance Ltd., Calcutta u/s (36)(1)(viii) - 1048 - Income Tax

Approved SREI Home Finance Ltd., Calcutta u/s (36)(1)(viii) NOTIFICATION NO. 1048 DATED 6-4-1999 It is notified for general information that SREI Home Finance Ltd., "Vishwakarma", 86C, Topsia Road (South), Calcutta-700046, has been approved by the Central Government for the purposes of section 36(1)( viii ) of the Income-tax Act, 1961, for the assessment years 1999-99, 1999-2000 and 2000-2001. 2. The approval is subject to the condition that: ( i ) the company has the main object to carrying on the business of providing long-term finance for construction or purchase of houses for residential purposes ; ( ii ) the company submits every year a copy of its audited profits and loss account and balance-sheet along with a statement of deduction claimed under this section before its due date for filing return of income under section 139(1) of the Income-tax Act, 1961; ( iii ) special reserve as required is created and maintained as per the Act ; and ( iv ) all other conditions contained in section 36(1)( viii ) of the Income-tax Act, 1961, are fulfilled. [Notification No. 10862/F. No. 204/23/95-ITA-II]