Research institution approval under section 35(1)(ii) grants conditional tax recognition subject to separate accounting and annual audited reporting. Approval is granted to Span Research Centre, Udhana, Surat as an institution under clause (ii) of sub section (1) of section 35 of the Income tax Act, read with rules, subject to maintaining separate accounts for scientific research, furnishing annual returns of research activities in prescribed forms by the stated deadline, and submitting audited annual accounts and balance sheet to the prescribed authority with copies to the Commissioner of Income tax; the approval is limited to a specified effective period.