Tax exemption recognition under section 10(23C)(v) grants notified status subject to income use, investment and compliance conditions. Central Government notifies Sriman Madhwa Sidhantonnahini Sabha, Tirupati under section 10(23C)(v), subjecting the institution to conditions: apply or accumulate income wholly and exclusively for its objects; restrict investments to forms specified in Section 11(5) (excluding certain tangible voluntary contributions); exclude business income unless incidental and separately accounted; regularly file income-tax returns; and, on dissolution, transfer surplus assets to a charitable organisation with similar objectives.