Tax exemption notification for charitable institution requires exclusive application of income and restricted permissible investments. Notification designates the Catholic Bishops' Conference of India as a notified charitable institution for specified assessment years, subject to conditions: income must be applied wholly and exclusively to its objects; investments and deposits must conform to permitted modes for charitable funds; business profits are excluded unless incidental and kept in separate books; regular filing of income-tax returns is required; and on dissolution surplus assets must transfer to a charitable organisation with similar objectives.