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<h1>Catholic Bishops' Conference of India granted tax exemption under Section 10(23C)(v) for 1999-2002, subject to conditions.</h1> The Central Government has notified the Catholic Bishops' Conference of India, New Delhi, under section 10(23C)(v) of the Income-tax Act, 1961, for the assessment years 1999-2000 to 2001-2002. This notification is subject to several conditions: the income must be applied exclusively to its established objectives, funds must be invested as specified in section 11(5), business income is exempt only if incidental and separately accounted, regular income tax returns must be filed, and upon dissolution, surplus assets must be transferred to a similar charitable organization.