Approval under research deduction rules: Man-Made Textile Research Foundation recognised; must keep separate research accounts and file annual returns. Approval under section 35(1)(iii) is granted to Man-Made Textile Research Foundation for the period 1 April 1988 to 31 March 1989, subject to maintaining separate accounts for research receipts, furnishing annual returns of scientific research activities by 31 May, and submitting audited annual accounts, income and expenditure statements and balance-sheet to the prescribed authority and designated tax offices by 30 June; renewal applications must be filed before approval expiry.