Scientific Research Association approval imposes audit and accounting conditions, with failure to comply risking withdrawal of approval. Approval is granted to ONGC Energy Centre Trust as a Scientific Research Association subject to conditions: the sole objective must be scientific research carried out by the organization itself; it must maintain separate books of account for research receipts and expenditures, obtain an audit by a qualified accountant and furnish the audit report by the return filing due date; and it must maintain a certified separate statement of donations received and amounts applied to scientific research in social science to 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.
Scientific Research Association approval imposes audit and accounting conditions, with failure to comply risking withdrawal of approval.
Approval is granted to ONGC Energy Centre Trust as a Scientific Research Association subject to conditions: the sole objective must be scientific research carried out by the organization itself; it must maintain separate books of account for research receipts and expenditures, obtain an audit by a qualified accountant and furnish the audit report by the return filing due date; and it must maintain a certified separate statement of donations received and amounts applied to scientific research in social science to accompany the audit report.
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