Exemption under section 35(1)(ii): research approval granted with annual reporting requirement and two year validity. Approval under Section 35(1)(ii) of the Income-tax Act is granted to Sri Avinashilingam Home Science College for Women, Coimbatore, for research purposes only, with the Indian Council of Medical Research as the prescribed authority. The institution must submit annual reports and returns about its research activities to the Council. The notification's effect is limited to a period of two years from its date.