Approval under section 35(1)(ii): association approved subject to separate research accounts, annual returns, audited accounts and renewal application. Approval under section 35(1)(ii) is granted to Sri Aurobindo Institute of Applied Scientific Research, Pondicherry, as an Association subject to maintaining a separate research account, furnishing annual returns by 31 May, submitting audited annual accounts and balance-sheet to the prescribed authority and copies to the Central Board of Direct Taxes and the concerned Commissioner by 30 June, and applying for extension to the Central Board of Direct Taxes at least three months before approval expiry.