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<h1>Central Government Approves M/s Infrastructure Development Finance Co. for Long-term Industrial Finance under Section 36(1)(viii) of Income-tax Act.</h1> M/s Infrastructure Development Finance Company Ltd. in Chennai has been approved by the Central Government as a corporation providing long-term finance for industrial development, in accordance with section 36(1)(viii) of the Income-tax Act, 1961. This approval applies to the assessment year 1999-2000 and requires the company to adhere to the provisions of the mentioned section of the Income-tax Act.