Exemption under section 35(1)(ii) confirmed for Institute of Tropical Meteorology following prescribed authority approval effective thereafter. The Council of Scientific and Industrial Research, as the prescribed authority for clause (ii) of sub section (1) of section 35 of the Income tax Act, has approved the Institute of Tropical Meteorology, Poona, with effect from 1 April 1973, thereby qualifying the institute for the exemption under section 35(1)(ii).