Research institution approval under income-tax provisions grants conditional recognition, annual reporting, audited accounts submission, and renewal requirement. Approval is granted to the Karnataka Institute of Applied Agricultural Research under section 35(1)(ii) of the Income-tax Act, categorising it as an Association and subjecting it to conditions: maintain separate research accounts; furnish annual returns of scientific research activities by 31st May; submit audited annual accounts, income-and-expenditure statements and balance-sheet copies to the prescribed authority, the Central Board of Direct Taxes, DGIT (Exemption) and the concerned Commissioner by 30th June; and apply for extension of approval before expiry. The approval is effective from 1 April 1988 to 31 March 1989.