Income exemption for institutions conditioned on exclusive application, limited accumulation, restricted investments, and filing compliance. Income received by any person on behalf of Guruvayur Devaswom shall not be included in such person's total income for the specified assessment years, provided the Institution applies or accumulates income exclusively for its objects with limited accumulations above fifteen percent for up to five years, confines investments to prescribed forms, treats business income as exempt only if incidental with separate books, files returns regularly, and on dissolution transfers surplus assets to a like organization; the notification applies only to recipients' receipts and does not determine the Institution's separate taxability.