Research approval under section 35(1)(ii) granted subject to separate accounts, annual returns, audited statements and renewal application requirements. Conwest Jain Medical Research Society is approved as an institution under section 35(1)(ii) of the Income-tax Act for 1-4-1985 to 31-3-1986, subject to maintaining a separate account for scientific research receipts, filing annual research activity returns to the prescribed authority by 30 April, submitting audited annual accounts and balance-sheet with copies to the prescribed authority and the Commissioner by 30 June, and applying for approval extension to the Central Board of Direct Taxes at least three months before expiry.