Exemption under section 35: institute approved subject to conditions on fund accounting, utilisation and reporting. The Institute of Constitutional & Parliamentary Studies, New Delhi, is approved for purposes of clause (iii) of section 35(1) of the Income-tax Act subject to conditions: maintain separate accounts for funds collected under the exemption, utilise those funds exclusively for promotion of research in social sciences, and submit an annual report to the prescribed authority showing collection and utilisation. Approval effective from 1 April 1976.