Scientific Research Association approval requires separate audited accounts, certified donation statements, and genuine research to retain tax benefits. CIAB is approved as a Scientific Research Association under section 35 from assessment year 2016 17, subject to conditions: sole objective of scientific research; research carried out by the organization itself; maintenance of separate books of accounts for research receipts and applications; furnishing an auditor's report and a certified statement of donations and amounts applied for research by the return filing due date; and risk of withdrawal of approval for failure to comply or if research is 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 requires separate audited accounts, certified donation statements, and genuine research to retain tax benefits.
CIAB is approved as a Scientific Research Association under section 35 from assessment year 2016 17, subject to conditions: sole objective of scientific research; research carried out by the organization itself; maintenance of separate books of accounts for research receipts and applications; furnishing an auditor's report and a certified statement of donations and amounts applied for research by the return filing due date; and risk of withdrawal of approval for failure to comply or if research is not genuine.
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