①In the case where an application form set forth in Article 122, paragraph (1) (Application for Approval to File a Blue Return) has been submitted, when neither the approval nor the denial of the application was decided on by the last day of the business year prescribed in the paragraph (with regard to a corporation that is to file an interim return for the business year (including a corporation other than such a corporation that may file an interim return containing the matters listed in the items of Article 72, paragraph (1) (Matters to be Entered in Interim Return in the Case of Provisional Settlement of Accounts) for the business year), by the day on which six months have elapsed from the first day of the business year), it is deemed that the approval was given as of the day.

②In the case where a domestic corporation that has not obtained approval set forth in Article 121, paragraph (1) (Blue Returns) has obtained approval under the provisions of Article 64-9, paragraph (1) (Group Tax Sharing Approval), it is deemed that the approval set forth in Article 121, paragraph (1) was given as of the day on which that approval became effective.