Scientific research association approval under Section 35 requires specified accounting, audit and reporting compliance or approval may be withdrawn. Aeronautical Development Agency is approved as a scientific research association under section 35 read with rules 5C and 5D, effective from 1.4.2006, subject to conditions: sole objective of undertaking scientific research; carrying out research activities itself; maintaining books of account and obtaining an audit by a qualified accountant with the audit report furnished to the Commissioner/Director by the return due date; and maintaining a separate certified statement of donations and amounts applied to scientific research. Approval may be withdrawn for failures to comply with these requirements or if research activity is not genuine.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association approval under Section 35 requires specified accounting, audit and reporting compliance or approval may be withdrawn.
Aeronautical Development Agency is approved as a scientific research association under section 35 read with rules 5C and 5D, effective from 1.4.2006, subject to conditions: sole objective of undertaking scientific research; carrying out research activities itself; maintaining books of account and obtaining an audit by a qualified accountant with the audit report furnished to the Commissioner/Director by the return due date; and maintaining a separate certified statement of donations and amounts applied to scientific research. Approval may be withdrawn for failures to comply with these requirements or if research activity is not genuine.
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