Exemption under section 35(1)(iii) approved for a research institution, subject to separate fund accounting and annual reporting. Approval is granted for exemption under section 35(1)(iii) for the named institution subject to approval by the prescribed authority. Conditions require the institution to maintain a separate account for all funds received under this exemption and to submit an annual report to the prescribed authority detailing funds received and their utilisation; the notification names the institution and specifies the effective period of approval.