Tax exemption under clause (23C)(v) granted to a charitable trust, subject to income application, investment and compliance conditions. Notification grants tax-exempt status under clause (23C)(v) of section 10 to The Church of North India Trust Association, New Delhi, subject to conditions: apply or accumulate income solely for its objects; restrict investments to legally specified modes (excluding certain voluntary movable contributions); exempt business income only if incidental and separately accounted; file returns regularly; and on dissolution transfer surplus and assets to a like charitable organisation.