Charitable trust income exemption granted for receipts on behalf of Jallianwala Bagh Trust, subject to specified compliance conditions. Exemption is granted for income received by any person on behalf of Jallianwala Bagh National Memorial Trust, Amritsar, provided the Institution applies or accumulates its income solely for its objects with limited accumulation, follows prescribed investment forms, confines business income to incidental activities with separate accounts, files returns, obtains and furnishes the required audit report, and transfers surplus assets on dissolution to a like-minded organization; the exemption applies only to receipts on behalf of the Institution and is subject to rescission for noncompliance.