Tax exemption notification conditions charitable status on application of income, restricted investments, separate business accounts, and asset transfer on dissolution. Notification designates Council for Leather Exports, Chennai as qualifying for income-tax exemption under clause (23C)(iv) of section 10 for specified assessment years, conditioned on wholly and exclusively applying income to its objects, limiting investments to forms permitted under Section 11(5) (with certain voluntary contributions exempted), excluding business profits unless incidental and separately accounted, requiring regular filing of income-tax returns, and mandating transfer of surplus assets on dissolution to a similarly purposed charitable organisation.