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  NOTIFICATION New Delhi, the  5th February, 2018 S.O.  529(E).—  In  exercise  of  the  powers  conferred  by  sub-section  (6)  of  Section  129  of  the Companies Act, 2013 (18 of 2013), the Central Government, in the interest of public, hereby directs that the provisions  of Accounting  Standard  22 or Indian  Accounting  Standard  12 relating  to deferred  tax asset  or deferred tax liability shall not apply, for seven years with effect from the 1st  April, 2017, to a Government company which:—   (a)  is a public financial institution under sub-clause (iv) of clause (72) of section 2 of the Companies Act, 2013;   (b)  is a Non-Banking  Financial Company registered with the Reserve Bank of India under section 45-IA of the Reserve bank of India Act, 1934; and   (c)  is engaged in the business of infrastructure  finance leasing with not less than seventy five per cent. of its total revenue being generated  from such business  with Government  companies  or other entities owned or controlled by Government .   [F. No. 17/32/2017-CL-V] K.V. R. MURTY,  Jt. Secy.   .     NOTIFICATION New Delhi, the  5th February, 2018 S.O.  529(E).—  In  exercise  of  the  powers  conferred  by  sub-section  (6)  of  Section  129  of  the Companies Act, 2013 (18 of 2013), the Central Government, in the interest of public, hereby directs that the provisions  of Accounting  Standard  22 or Indian  Accounting  Standard  12 relating  to deferred  tax asset  or deferred tax liability shall not apply, for seven years with effect from the 1st  April, 2017, to a Government company which:—   (a)  is a public financial institution under sub-clause (iv) of clause (72) of section 2 of the Companies Act, 2013;   (b)  is a Non-Banking  Financial Company registered with the Reserve Bank of India under section 45-IA of the Reserve bank of India Act, 1934; and   (c)  is engaged in the business of infrastructure  finance leasing with not less than seventy five per cent. of its total revenue being generated  from such business  with Government  companies  or other entities owned or controlled by Government .   [F. No. 17/32/2017-CL-V] K.V. R. MURTY,  Jt. Secy.   .