Exemption under Section 10(23C)(v) protects income received on behalf of a charitable institution, subject to compliance conditions. Notification grants an exemption under Section 10(23C)(v) for income received by any person on behalf of Sri Ramanasramam for assessment years 2005-06 to 2007-08, conditional on application or limited accumulation of income for institutional objects, permitted modes of investment, business being incidental with separate books, regular filing of returns, and transfer of surplus on dissolution to a like-minded organization; the exemption applies only to recipients acting on behalf of the Institution and not to other receipts of such recipients.