Research programme approval under section 35(2A) conditions tax recognition on separate accounts and annual audited returns. Approval for the research programme 'Transurethral Surgery Research (Clinical & Experimental)' is granted for the purposes of section 35(2A) of the Income-tax Act, subject to conditions that the college maintain separate project accounts, furnish annual returns to the Council by 31st May in prescribed forms, and submit an annual audited statement of account with total assets and liabilities to the Council and the concerned Income-tax Commissioner.