Approval under Section 35(1)(ii): research association status requires separate accounts, audited filing and auditor certification. Vision Research Foundation, Chennai is approved as a scientific research association subject to maintaining separate research accounts, submitting audited Income & Expenditure accounts for each approved financial year to the tax exemption authority by the return filing due date or within ninety days of notification, and enclosing an auditor's certificate specifying amounts eligible for donor deduction and certifying that expenditures were for scientific research.
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Provisions expressly mentioned in the judgment/order text.
Approval under Section 35(1)(ii): research association status requires separate accounts, audited filing and auditor certification.
Vision Research Foundation, Chennai is approved as a scientific research association subject to maintaining separate research accounts, submitting audited Income & Expenditure accounts for each approved financial year to the tax exemption authority by the return filing due date or within ninety days of notification, and enclosing an auditor's certificate specifying amounts eligible for donor deduction and certifying that expenditures were for scientific research.
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