Research institution approval under section 35(1)(ii): recognition requires separate research accounts and annual audited returns. Approval of the Jail Research Foundation, Valsad (Gujarat) is granted under section 35(1)(ii) of the Income-tax Act, recognising the institution for scientific research subject to conditions: maintain separate research accounts; furnish prescribed annual returns by 30 April; submit audited annual accounts and balance-sheet to the prescribed authority and Commissioner by 30 June; and apply for extension three months before expiry. The approval covers the period 1 April 1986 to 31 March 1987.