Exemption under section 35: approval subject to separate accounts, exclusive research use and annual reporting obligations. Exemption under section 35(1)(ii) is granted to the Gujarat Institute of Area Planning, Ahmedabad, subject to three conditions: maintaining separate accounts for funds collected under the exemption; utilising such funds exclusively for promotion of research in the social sciences; and submitting an annual report to the prescribed authority showing funds collected and how they were utilised.