Tax exemption under clause 23C(iv) recognised; institution notified subject to conditions on income application, investments, business, and dissolution. The institution is notified for tax-exempt status under clause (23C)(iv) of section 10 for specified assessment years, conditional on applying its income wholly to charitable objects, restricting investments to permitted modes (except certain voluntary contributions), excluding business income unless incidental and separately accounted, regular filing of income-tax returns, and transferring surplus and assets on dissolution to a like charitable organization.