Approval under section 35(1)(ii) grants research recognition subject to specified accounting and annual reporting conditions. Approval under section 35(1)(ii) recognizes Alchemic Research Centre (P.) Ltd., Bombay, as an 'Association' for research in other natural or applied sciences (excluding agriculture, animal husbandry, fisheries and medicines) for the period 1-4-1980 to 31-3-1983, conditional on maintaining separate research accounts, filing annual returns of research activities to the prescribed authority by 30th April each year, and submitting an annual return and statement of accounts to the Commissioner of Income-tax.