Organization M.S. Swaminathan Research Foundation, Chennai has been approved u/s 35(1)(ii)

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.....S. Swaminathan Research Foundation, Chennai has been approved by the Central Government for the purpose of clause (ii) of sub-section (1) of section 35 of the Income-tax Act, 1961 (said Act), read with Rules 5C and 5D of the Income-tax Rules, 1962 (said Rules), with effect from 1.4.2007 in the category of 'scientific research association', subject to the following conditions, namely:- (i) The so....

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....earch and a copy of such statement duly certified by the auditor shall accompany the report of audit referred to above. 2. The Central Government shall withdraw the approval if the approved organization:- (a) fails to maintain books of accounts referred to in sub-paragraph (iii) of paragraph 1; or (b) fails to furnish its audit report referred to in sub-paragraph (iii) of paragraph 1; or (....