Income-tax exemption under section 10(23C): notified trust granted conditional exemption subject to application, investment and reporting requirements. Notification under section 10(23C) notifies the Srimadujjayini Saddharma Simhasaana Sri Taraiabalu Jagadguru Brihanmath, Sirigere, Karnataka as eligible for income-tax exemption for specified assessment years, subject to conditions: apply or accumulate income wholly for its objects; restrict investments to modes specified in law (except certain voluntary contributions in jewellery or furniture); treat business income as non-exempt unless incidental with separate books; file income-tax returns regularly; and transfer surplus and assets to a charitable organisation with similar objectives on dissolution.