Tax exemption notification: research centre granted conditional exemption subject to application of income, investment, business and dissolution rules. Notification grants statutory recognition under the Income-tax Act to the Centre for Research in Rural & Industrial Development, Chandigarh, for specified assessment years on conditions: income must be applied or accumulated exclusively for the institution's objects; investments must be limited to prescribed modes and exclude general deposits; business income is taxable unless incidental with separate accounts; returns must be filed regularly; and on dissolution surplus and assets must transfer to a like-minded organisation.