Tax exemption under clause (23) of section 10 subject to income application, investment limits, and accounting conditions. Notification designates Panjim Gymkhana as eligible under clause (23) of section 10 for assessment years 1999-2000 to 2001-2002, subject to conditions: income must be applied or accumulated exclusively for the assessee's objects in accordance with the modified application/accumulation rules; investments are limited to permitted modes except certain voluntary contributions maintained in notified forms; income distribution to members is prohibited except grants to affiliated bodies; and business income is excluded unless incidental and separately accounted.