Charitable income exemption for trust-related receipts, subject to application restrictions, investment limits, audit and filing obligations. Any income received by any person on behalf of Shree Somnath Trust is exempt under Section 10(23C)(v) from inclusion in that person's total income, conditional on application or limited accumulation of income for the Institution's objects, restricted modes of investment, incidental business being separately accounted, regular filing of returns, transfer of surplus on dissolution to a similar organization, and submission of an accountant's audit report. The notification applies to recipients for assessment year 2004-05 onwards and may be rescinded if the Institution's activities are not genuine or not in compliance with the conditions.