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<h1>Approval under section 35(1)(ii) - institution designated as Association with required separate research accounts and annual reporting.</h1> Approval under Section 35(1)(ii) is granted to Usha Scientific Research Institute as an Association, subject to maintaining a separate account for sums received for scientific research; furnishing prescribed annual returns of scientific research activities to the prescribed authority by 30th April each year; and submitting audited annual accounts, showing total income and expenditure and a balance sheet, to the prescribed authority with copies to the concerned Commissioner of Income-tax by 30th June each year. The approval is effective from April 1, 1984 to June 30, 1985.