Research approval under section 35(2A) triggers separate accounting and annual audited returns obligations for sponsored projects. Approval is granted for a scientific research programme sponsored by the Ayodhya Charitable Trust with listed corporate sponsors for a five-year period and a specified estimated expenditure. The approval is conditional on maintaining a separate account for project receipts and expenditures, furnishing annual returns to the approving council by 31 May each year in prescribed form, and submitting annual audited accounts with total assets and liabilities to the council and the concerned income-tax commissioner; the approval's validity date is specified.