Approval under section 35(1)(ii): institutional recognition for scientific research subject to accounting and annual reporting requirements. Approval under section 35(1)(ii) recognizes the College as eligible for research-related tax provisions in the 'College' category for other natural or applied sciences, effective from 10-5-1981 to 9-5-1984. Conditions require maintaining a separate account for research receipts (excluding agricultural/animal husbandry/fisheries/medical research), filing an annual research activities return to the prescribed authority by 30th April, and submitting the annual return and statement of accounts to the Commissioner of Income-tax.