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of <h1>Income for EAN India exempt from tax under Section 10(23C)(iv) for 2005-08 if conditions met.</h1> Income received on behalf of EAN India, New Delhi is exempt from inclusion in total income under Section 10(23C)(iv) of the Income-tax Act for Assessment Years 2005-06 to 2007-08. Conditions for this exemption include that the income must be applied or accumulated for the institution's objectives, with accumulation exceeding 15% not surpassing five years. Funds must be invested as specified in Section 11(5), and profits from non-incidental business activities are not exempt. The institution must file regular income returns and, upon dissolution, transfer surplus assets to a similar organization. This exemption applies only to income received on behalf of EAN India.
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