Charitable status notification grants conditional tax exemption to a sports federation subject to compliance and asset transfer rules. Notification under section 10(23) grants the federation tax-exempt status for specified assessment years subject to conditions: income must be applied or accumulated solely for its objects; investments and deposits are limited to modes specified in section 11(5) except for certain voluntary contributions held in tangible form; business income is excluded unless incidental and separately accounted for; regular filing of returns is required; and on dissolution surplus assets must transfer to a charitable organisation with similar objects.