Research institution approval under income tax law requires separate research accounts and annual audited submissions to tax and research authorities. Approval is granted to Dalmia Institute of Scientific & Industrial Research as an Institution for purposes of clause (ii) of sub section (1) of the Income tax Act read with the Income tax Rules, subject to compliance. The institution must maintain separate books of accounts for research; furnish an annual return of scientific research activities to the Secretary, Department of Scientific & Industrial Research by 31 May; and submit by 31 October audited annual accounts and an audited income and expenditure account for research to the Director General of Income tax (Exemptions), the Secretary, Department of Scientific & Industrial Research and the Commissioner/Director of Income tax (Exemptions), in addition to filing its return of income. The institution should apply in triplicate for renewal and send three copies to the Secretary, Department of Scientific & Industrial Research.