Approval under Section 35(1)(iii) enables research expenditure benefits subject to audit, reporting, and separate accounts. Approval under Section 35(1)(iii) is granted to Rajiv Gandhi Foundation for the period 1 April 2003 to 31 March 2006 as an Institution, subject to conditions: maintain separate accounts for research activities (unless categorized as an Association); submit audited Income & Expenditure accounts for approved research to the Director General of Income Tax (Exemptions) and the Commissioner/Director of Income Tax (Exemptions) having jurisdiction and file with the designated assessing officer; and enclose an auditor's certificate confirming expenditures are for social science/statistical research.