Tax exemption for income received on behalf of a notified institution contingent on compliance with prescribed conditions. Any income received by any person on behalf of the Federation of Indian Chambers of Commerce and Industry is excluded from the recipient's total income under exemption under Section 10(23C)(iv), provided the Institution applies or accumulates income exclusively for its objects (with limited permitted accumulation), confines investments to modes specified in section 11(5), limits business to incidental activities with separate books, files returns regularly, furnishes a prescribed audit report, and on dissolution transfers surplus assets to a like organization.