Tax exemption under clause 23C(v) notified, subject to application, investment, business accounting, filing and dissolution conditions. The Central Government notifies the Society of the Franciscan Servants of Mary under clause (23C)(v) of section 10 of the Income tax Act, 1961, granting the clause's benefit for specified assessment years subject to conditions: exclusive application of income to charitable objects; restricted modes of investment per section 11(5) except specified movable contributions; exclusion of business income unless incidental and separately accounted; regular filing of income tax returns; and transfer of surplus assets on dissolution to a like charitable organisation.