Tax exemption recognition under section 10 clause 23C(v) granted subject to operational, investment and reporting conditions. The Central Government notifies The Fathers of Holy Cross, Bangalore under clause (23C)(v) of section 10 for assessment years 1994-95 to 1996-97, subject to conditions: apply or accumulate income wholly for its objects; restrict investments to forms specified in section 11(5) (except certain voluntary contributions retained as jewellery/furniture); exclude business profits unless incidental and maintained in separate books; regularly file income-tax returns; and on dissolution transfer surplus and assets to a charitable organization with similar objectives.