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<h1>Approval under section 35(1)(iii): institution granted status subject to research accounting, annual returns, audited accounts and renewal rules.</h1> Approval under section 35(1)(iii) is granted to Foundation for Organisational Research, New Delhi, as an Institution for tax recognition for scientific research, contingent on maintaining separate research accounts, furnishing annual research returns to the prescribed authority by 30 April, submitting audited annual accounts and balance sheet to the prescribed authority and the Commissioner of Income-tax by 30 June, and applying for extension three months prior to expiry. The approval is effective from 1 April 1986 to 31 March 1989.