Tax exemption recognition for a charitable corporation granted subject to operational, investment, business and dissolution conditions. The Central Government notified the South Arcot Diocesan Corporation, Cuddalore, as eligible for a charitable exemption under clause (23C)(v) for specified assessment years, subject to conditions that income be applied or accumulated for its objects, investments be limited to permitted forms, business income be excluded unless incidental and separately accounted, returns be filed regularly, and on dissolution surplus assets transfer to a similar charitable organisation.