Tax exemption under section 10(23C)(v) granted subject to conditions on income application and permitted investments. The central government notified the Congregation as entitled to tax exemption as a charitable institution for assessment years 1993-94 to 1995-96, subject to conditions: income must be applied or accumulated wholly and exclusively for the institution's objects; investments or deposits are restricted to forms permitted by law (excluding voluntary contributions retained as movable items); and business income is excluded unless incidental to objectives and maintained in separate books of account.