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    <description>Approval under section 35(1)(ii) is granted to Bhartiya Vidya Bhavan, Bombay as an &quot;Institution&quot; subject to conditions: maintain a separate account for scientific research; furnish annual returns of scientific research activities by 31 May; submit audited annual accounts, income and expenditure statements and balance-sheet to the prescribed authority, the Central Board of Direct Taxes and the concerned Commissioner by 30 June; and apply for extension at least three months before expiry. The approval is effective from 1 January 1986 to 30 September 1988.</description>
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