Approval as infrastructure finance corporation establishes eligibility under section 36(1)(viii) subject to statutory compliance conditions. Approval granted to Infrastructure Development Finance Company Ltd., Chennai, as a corporation engaged in providing long-term finance for industrial development for purposes of section 36(1)(viii) of the Income-tax Act for assessment year 1999-2000, subject to the condition that the company conform to and comply with the provisions of section 36(1)(viii).