Research institution approval under section 35(1)(ii) grants prescribed-authority recognition and temporary tax-exemption status for a two-year period. The Indian Council of Agricultural Research approved the Karnataka Institute of Applied Agricultural Research, Sameerwadi, Distt. Bijapur, as a qualifying institution for the purposes of clause (ii) of sub section (1) of section 35 of the Income tax Act, effective 1 April 1973 for a two year period, as recorded in the notification.