Approval under Section 35(1)(ii): institution eligible for research-related tax recognition subject to accounting and filing compliance. Approval of Bhartiya Vaidyak Samanvya Samiti, Nagpur under Section 35(1)(ii) is granted as a 'College' for research-related tax purposes subject to conditions: maintain separate accounts for research receipts; file annual returns of scientific research activities to the prescribed authority by 30th April; and submit audited annual accounts with income, expenditure and balance-sheet to the prescribed authority by 30th June with copies to the Commissioner of Income-tax.