Tax exemption recognition under clause 23C(iv) requires institutes to apply income exclusively and meet specified compliance conditions. Notification recognises the National Institute of Bank Management under clause (23C)(iv) of section 10 for specified assessment years, conditional on applying income wholly to its objects, restricting investments to statutory modes, excluding non-incidental business profits unless separately accounted, filing returns regularly, and on dissolution transferring surplus and assets to a similarly purposed charitable organisation.