Research exemption under section 35(1)(ii) approved subject to audit, reporting and compliance requirements. Haffkine Institute is approved as an approved scientific research institution under clause (ii) of sub-section (1) of section 35, subject to utilising sums received for scientific research, conducting research through faculty or enrolled students, maintaining separate books of account and a separate statement of donations applied to research, obtaining an audit of those books by a qualified accountant, and furnishing the audit report and certified donation statement to the tax authority by the return filing due date; approval may be withdrawn for failures specified.