Approval under Section 35(1)(ii) affirms research-deduction eligibility subject to accounting, audit and auditor certification requirements. Approval is granted to M/s Indian Statistical Institute under Section 35(1)(ii) for the period 1-4-2001 to 31-3-2004 as a university/college partly engaged in research, subject to maintaining separate accounts for research activities and submitting audited Income & Expenditure accounts to the Commissioner/Director of Income-tax (Exemptions) by the due date of return filing or within 90 days of the notification, together with an auditor's certificate specifying amounts received for eligible scientific research and certifying that expenditure was for scientific research.