Approved M/s Synergy Mortgage Loan Company Limited Bangalore u/s 36(1)(viii) - 10896 - Income Tax

Approved M/s Synergy Mortgage Loan Company Limited Bangalore u/s 36(1)(viii) NOTIFICATION NO. 10896 DATED 6-5-1999 It is notified for general information that M/s Synergy Mortgage Loan Company Limited 3011 and 3014 High Point III, 25 Palace Road, Bangalore 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 and 1999-2000. 2. The approval is subject to the condition that : ( i ) the company has main object of 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. [F. No. 204/4/96-ITA-II]