Research approval for university status allows tax-recognition of donations subject to audit and reporting compliance. Approval is granted to Sri Venkateswara Institute of Medical Sciences as a University partly engaged in research for purposes of Section 35(1)(ii), subject to conditions: sums received must be used for scientific research conducted by faculty or enrolled students; separate books of account and a separate statement of donations and research expenditure must be maintained; these records must be audited by a qualified accountant and the audit report and certified statement furnished to the tax authorities by the due date for filing the income-tax return.