Approval under section 36(1)(viii) grants tax deduction eligibility to a housing finance company subject to compliance conditions. Approval is granted to Ind Bank Housing Ltd. under section 36(1)(viii) of the Income tax Act, 1961, for the stated assessment years, subject to conditions: primary object of providing long term housing finance; annual submission of audited profit and loss account and balance sheet with the statement of deduction before the return filing due date; creation and maintenance of the statutory special reserve; and fulfilment of all other conditions of section 36(1)(viii).