Section 35(1)(ii) approval for scientific research association requires separate research accounts and auditor certification of eligible receipts and expenditures. The Baba Jaswant Singh Trust, Ludhiana is approved as a scientific research association under Section 35(1)(ii) read with Rule 6, subject to maintaining separate research accounts, filing audited Income & Expenditure accounts for each approved year with the Commissioner/Director (Exemptions) by the return due date or within ninety days of notification, and providing an auditor's certificate specifying eligible research receipts and certifying that expenditure was for scientific research.
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Provisions expressly mentioned in the judgment/order text.
Section 35(1)(ii) approval for scientific research association requires separate research accounts and auditor certification of eligible receipts and expenditures.
The Baba Jaswant Singh Trust, Ludhiana is approved as a scientific research association under Section 35(1)(ii) read with Rule 6, subject to maintaining separate research accounts, filing audited Income & Expenditure accounts for each approved year with the Commissioner/Director (Exemptions) by the return due date or within ninety days of notification, and providing an auditor's certificate specifying eligible research receipts and certifying that expenditure was for scientific research.
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