Research institution approval under section 35(1)(ii) subject to separate accounts, annual returns, and two year validity. Approval under clause (ii) of sub section (1) of section 35 of the Income tax Act is granted to the Man Made Textile Research Association, Surat, for research in natural and applied sciences (excluding specified fields), subject to maintaining a separate account for research receipts, furnishing annual scientific activity returns to the prescribed authority by 30th April each year, and submitting the annual return and statement of accounts to the Commissioner of Income tax, Surat; the approval is effective for two years from 16 4 1981 to 15 4 1983.