Scientific research association approval conditional on sole research objective, audited accounts and certified donations statement compliance. Approval as a scientific research association is conditional on the association's sole objective being scientific research conducted by the association itself, maintenance of books of account, audit by a qualified accountant with the audit report furnished to the tax authority by the return-filing due date, and maintenance of a separate auditor-certified statement of donations and amounts applied to scientific research; approval may be withdrawn for failure to comply with these requirements or if research activities cease or are not genuine.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Scientific research association approval conditional on sole research objective, audited accounts and certified donations statement compliance.
Approval as a scientific research association is conditional on the association's sole objective being scientific research conducted by the association itself, maintenance of books of account, audit by a qualified accountant with the audit report furnished to the tax authority by the return-filing due date, and maintenance of a separate auditor-certified statement of donations and amounts applied to scientific research; approval may be withdrawn for failure to comply with these requirements or if research activities cease or are not genuine.
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