Section(s) Referred: s. 36(1)(viii)
Statute: INCOME TAX
Date of Issue: 3/11/1999
It is notified for general information that M/s Meghalaya Industrial Development Corporation Limited has been approved by the Central Government as a Corporation engaged for providing long-term finance for industrial development in the country for the purposes of section 36(1)(viii) of the Income-tax Act, 1961, for the assessment years 1997-98, 1998-99 and 1999-2000.
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.