Tax approval under section 35(1)(iii): institution status granted subject to separate research accounts and annual audited reports. Approval is granted to F. I. A. M. C. Bio Medical Ethics Centre as an Institution under clause (iii) of sub section (1) of section 35 of the Income tax Act for 1 4 1991 to 31 3 1992, subject to maintaining a separate account for research receipts, filing annual scientific research returns to the Secretary, Department of Scientific and Industrial Research by 31 May, and submitting audited annual accounts to specified tax and DSIR authorities by 30 June; procedures for applying for extension of approval are stipulated.