Approval under section 35(1)(ii) for scientific research association requires exclusive research, audit and disclosure obligations. Approval is granted to K.J. Research Foundation as a scientific research association effective from 1.4.2006 subject to conditions: sole objective of scientific research, conduct research activity itself, maintain books of account and obtain audit by a qualified accountant with the audit report furnished by the income tax return due date, and maintain a separate auditor certified statement of donations received and amounts applied for scientific research which must accompany the audit report.
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.
Approval under section 35(1)(ii) for scientific research association requires exclusive research, audit and disclosure obligations.
Approval is granted to K.J. Research Foundation as a scientific research association effective from 1.4.2006 subject to conditions: sole objective of scientific research, conduct research activity itself, maintain books of account and obtain audit by a qualified accountant with the audit report furnished by the income tax return due date, and maintain a separate auditor certified statement of donations received and amounts applied for scientific research which must accompany the audit report.
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