Research institution approval under income-tax rules preserves donor tax benefits subject to compliance, with annual audit and reporting conditions required. Approval is granted to Sitaram Bhartia Institute of Science and Research, Kolkata as a Notified Institution under clause (ii) of sub-section (1) of section 35 read with Rules 5C and 5E, effective from 1-4-2006, subject to conditions: research-use of sums received; research carried out by faculty or enrolled students; maintenance and audit of books by a defined accountant with audit report furnished to the tax authority by the return due date; and a separate auditor-certified statement of donations received and amounts applied for scientific research accompanying the audit report.