Approval under section 35(1)(iii) imposes institutional recognition with annual accounts, research returns, and reporting obligations. Approval is granted to Swami Ramanand Teerth Institute of Socio-Economic Research and National Integration as an Institution for research-related income-tax exemption, subject to maintaining a separate account for research receipts, furnishing annual returns of scientific research activities to the Secretary, Department of Scientific and Industrial Research by 31st May each year, and submitting audited annual accounts showing income, expenditure, assets and liabilities to the Director-General of Income-tax (Exemptions), the Secretary, and the relevant Commissioner/Director of Income-tax (Exemptions) by 30th June each year; the approval is effective for the period stated and an extension procedure is prescribed.