Research institution approval under tax law subject to accounting, annual audited reporting and timely renewal conditions. Approval is granted to Jai Research Foundation Society, Gujarat as an approved institution for tax-deductible scientific research under the Income-tax Act for 1 April 1988 to 31 March 1989, subject to maintaining separate research accounts, filing annual returns of research activities by 31 May, submitting audited annual accounts and balance-sheet to the prescribed authority by 30 June with copies to tax authorities, and applying for extension before approval expiry.