Scientific research association approval requires audited accounts and donation reporting to maintain tax recognition under prescribed compliance conditions Approval is granted to Centre for Materials for Electronics Technology, Pune, as a scientific research association subject to conditions: its sole objective must be scientific research carried out by the organization itself; it must maintain books of account, obtain an audit by a qualified accountant and furnish the auditor's report to the tax authority by the return due date; and it must maintain a separately certified statement of donations received and amounts applied to scientific research to accompany the audit report. Approval may be withdrawn for failures to maintain records, furnish reports, or for cessation or lack of genuine research activity.
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Scientific research association approval requires audited accounts and donation reporting to maintain tax recognition under prescribed compliance conditions
Approval is granted to Centre for Materials for Electronics Technology, Pune, as a scientific research association subject to conditions: its sole objective must be scientific research carried out by the organization itself; it must maintain books of account, obtain an audit by a qualified accountant and furnish the auditor's report to the tax authority by the return due date; and it must maintain a separately certified statement of donations received and amounts applied to scientific research to accompany the audit report. Approval may be withdrawn for failures to maintain records, furnish reports, or for cessation or lack of genuine research activity.
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