What are the conditions as specified u/s 10(21) to avail exemption of any income of a research association, approved under section 35(1)(ii)/(iii)?

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..... ions and Deductions
Income Tax
Manuals
Dated:- 16-5-2018
Manual - Exempted Income u/s 10 - Assessee Specific Any income of a research association, approved under section 35(1)(ii)/(iii) i .....

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..... condition is not applicable in respect of the following:- (i) Any assets held by the research association where such assets form part of the corpus (ii) any accretion to the shares, forming part of .....

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