Research institution approval subjects tax recognition to annual reporting, audited accounts, and separate research accounts. Approval is granted to the Land Research Institute, Bombay, as an approved institution for scientific research in the category of an association, subject to maintenance of a separate account for research receipts, furnishing annual returns of research activities by 30 April each year, and submitting audited annual accounts and a balance sheet with copies to the concerned tax commissioner by 30 June each year; the approval is effective from 7 July 1984 to 31 March 1986.