Approval under section 35(1)(ii): institution approved with obligations to keep separate research accounts and file annual returns. Karnataka Regional Engineering College, Surathkal, is approved as an institution for scientific research in other natural and applied sciences (excluding agriculture, animal husbandry, fisheries and medicines) under the Income-tax regime, subject to maintaining a separate account for research receipts, furnishing an annual return of research activities to the prescribed authority by 30th April each year, and submitting the annual return and statement of accounts to the Commissioner of Income-tax; approval effective from 27-2-1981 to 26-2-1984.