Charitable income exemption for amounts received on behalf of a foundation, subject to accumulation, investment and filing conditions. Exemption applies to amounts received by any person on behalf of Swadeshi Jagaran Foundation for the specified assessment years, conditional on application or permissible accumulation of income for institutional objects with a limited accumulation period for excess amounts, investment only in forms specified for charitable funds, business income being incidental and separately accounted, regular filing of income-tax returns, and transfer of surplus assets on dissolution to a like-minded organization. The exemption is limited to recipients acting on behalf of the Institution and does not affect taxation of the Institution's own income.