Tax exemption recognition confirms conditional charitable status subject to fund application, permitted investments, business limits and asset transfer rules. Notification designates 'People's Action for Development (Maharastra), Mumbai' under clause (23C)(iv) of section 10 for assessment years 2000-2001 to 2002-2003, subject to conditions: exclusive application or authorised accumulation of income; investments only in permitted modes; exclusion of business income unless incidental and separately maintained; regular filing of returns; and transfer of surplus and assets on dissolution to a similarly purposed charitable organisation.