Research institution approval under Section 35(1)(ii) requires separate research accounts, annual returns and audited filings for compliance. Approval under Section 35(1)(ii) recognises Bai Jerbai Hospital for Children and Institute of Child Health Research Society as an Institution eligible for related tax benefits, conditioned on maintaining separate research accounts, filing an annual scientific research return with the research department by the prescribed deadline, and submitting audited annual accounts of income, expenditure, assets and liabilities to the tax and research authorities each year.