Scientific research approval under section 35(2A) conditions tax recognition on separate accounts and annual audited returns. Approval is granted for a scientific research programme under section 35(2A) of the Income-tax Act, with ICMR as the prescribed authority, sponsored at Hastimal Sancheti Memorial Trust, Pune, financed by listed corporate sponsors, for ten years from 24 December 1980 to 23 December 1990 and with a stated estimated expenditure. Conditions require the trust to maintain a separate account for project receipts and expenditure, furnish annual returns to the Council by 31 May each year in prescribed form, and send the annual audited statement of account to the Council by 31 May and to the concerned Income-tax Commissioner.