Approval under Section 35(1)(iii) - institution approved subject to separate research accounts and audited auditor certificates. The Institute of Chartered Accountants of India, New Delhi is approved as an institution under Section 35(1)(iii) for the period 1-4-2003 to 31-3-2006, subject to conditions requiring separate accounts for research, submission of audited Income & Expenditure accounts for research to the tax authority by the due date or within 90 days of the notification, and an auditor's certificate specifying amounts received for social/statistical research and certifying that expenditures were for social science/statistical research.