Research institution approval under section 35(1)(ii) grants tax recognition with annual compliance and audited reporting obligations. Approval is granted to Gujarat Industrial Research and Development Agency, Industrial Research Laboratory, Baroda, as an Institution under the Income-tax Act subject to maintaining separate research accounts, filing an annual return of scientific research activities to the Department of Scientific and Industrial Research by 31 May, and submitting audited annual accounts showing income, expenditure, assets and liabilities to the Director-General (Exemptions), the Secretary, DSIR and the jurisdictional Income-tax Commissioner/Director by 30 June. The approval applies for the period 1 April 1990 to 31 March 1992 and includes specified procedures for seeking an extension of approval.