Approved M/s Industrial Development Bank of India, Mumbai u/s 36(1)(viii) - 11168 - Income Tax

Approved M/s Industrial Development Bank of India, Mumbai u/s 36(1)(viii) NOTIFICATION NO. 11168 DATED 14-12-1999 It is notified for general information that M/s Industrial Development Bank of India, Mumbai, has been approved by the Central Government as a Corporation engaged for providing long-term finance for industrial development in the country for the purposes of section 36(1)( viii ) of the Income-tax Act, 1961, for the assessment year 1999-2000. 2. The approval is subject to the condition that the company will conform to and comply with the provisions of s. 36(1)( viii ) of the Income-tax Act, 1961. [F. No. 204/5/98/ITA-II]