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of <h1>IDBI Approved for Long-Term Industrial Finance Under Section 36(1)(viii) for 1999-2000 Tax Year</h1> M/s Industrial Development Bank of India, Mumbai, has been approved by the Central Government as a corporation providing long-term finance for industrial development. This approval, relevant for the assessment year 1999-2000, is granted under section 36(1)(viii) of the Income-tax Act, 1961. The approval is contingent upon the company adhering to the provisions of section 36(1)(viii) of the Act.
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