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<h1>Approval under section 35(1)(ii) for research institution; requires separate research accounts and annual returns by prescribed deadline.</h1> The Indian Institution of Chemical Engineers, Calcutta is approved as an Institution for Income-tax purposes in the area of natural or applied sciences, subject to conditions: it must maintain a separate account for sums received for scientific research (excluding certain fields) and furnish an annual return of its research activities to the prescribed authority in specified forms by 30th April each year; the approval is effective from 1-4-1979 to 31-3-1982.