Charitable income exemption for institution recipients subject to compliance with application, investment, audit, and dissolution conditions. Exemption under Section 10(23C)(iv) applies to any income received by any person on behalf of Chen Women Development Society, subject to conditions: income must be applied or accumulated exclusively for the Institution's objects with limits on accumulation; investments confined to forms specified in section 11(5); business income taxable unless incidental and separately accounted; regular return filing; audited accounts and prescribed audit report; and transfer of surplus on dissolution to a similar organization. Applies to recipients only from AY 2006-07 onward and may be rescinded if conditions are not met.