Approved various companies u/s 36(1)(viii) - S. O. 1124 - Income Tax

Approved various companies u/s 36(1)(viii) NOTIFICATION NO. S. O. 1124 DATED 12-4-1999 It is notified for general information that persons listed at para 3 below have been approved by the Central Government for the purposes of section 36(1)( viii ) of the Income-tax Act, 1961, for the assessment years mentioned against them. 2. The approval is subject to the condition that: ( i ) the company has been 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 profit 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. 3. The persons approved are: ( a ) Tamilnadu Urban Finance and Infrastructure, Chennai (assessment years 1997-98, 1998-99 and 1999-2000) (F. No. 204/25/94/ITA-II) ; ( b ) Co-op. Bank Homes Ltd., Bangalore (assessment years 1998-99 and 1999-2000) (F. No. 204/23/98/ITA-II) ; ( c ) GIC Housing Finance Ltd., Mumbai (assessment years 1999-2000 and 2000-2001) (F. No. 204/19/98/ITA-II) ; ( d ) Weizmann Homes Ltd., Bangalore (assessment year 1999-2000) (F. No. 204/1/99/ITA-II). [Notification No. 10869/F. No. 204/1/99/ITA-II]