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Scientific research association approval conditioned on exclusive research purpose, self conducted research, audited accounts and donation reporting. Approval is granted to Madras Diabetes Research Foundation as a scientific research association effective 1 4 2005, subject to conditions: sole objective to undertake scientific research; carry out research itself; maintain books of account and obtain audit by a qualified accountant and furnish the audit report by the due date for the income tax return; maintain a separate auditor certified statement of donations received and amounts applied for scientific research and attach it to 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 conditioned on exclusive research purpose, self conducted research, audited accounts and donation reporting.
Approval is granted to Madras Diabetes Research Foundation as a scientific research association effective 1 4 2005, subject to conditions: sole objective to undertake scientific research; carry out research itself; maintain books of account and obtain audit by a qualified accountant and furnish the audit report by the due date for the income tax return; maintain a separate auditor certified statement of donations received and amounts applied for scientific research and attach it to the audit report.
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