Research exemption approval under Income Tax Act requires separate research accounts, annual scientific return and audited accounts submission. Approval recognizes M/s Indraprastha Cancer Society & Research Centre as an Institution for research-related tax exemption for the notified period, subject to maintaining separate research accounts (unless an Association), furnishing an annual scientific research return to the Secretary, Department of Scientific & Industrial Research by 31 May, and submitting audited annual accounts and audited research income & expenditure accounts to designated tax and scientific authorities by 31 October each year, plus filing the tax return; renewal applications must be submitted in triplicate through and to specified authorities.