Recognition of charitable trust status allows tax exemption subject to application, investment, business and dissolution compliance. Notification recognises the Punjab Istri Sabha Relief Trust for tax exemption under clause (23C)(iv) of section 10, subject to conditions: apply or accumulate income exclusively to charitable objects; invest or deposit funds only in permitted forms (except for voluntary contributions retained as jewellery, furniture, etc.); exclude business income unless incidental with separate books; file income-tax returns regularly; and on dissolution transfer surplus and assets to a like-minded charitable organisation.