Tax exemption under section 10(23C)(v) granted subject to conditions on application, investments, business and dissolution. The Central Government notified Govindapuram Parthasarathi Kshethra Samrakshana Samithi, Calicut under clause (23C)(v) of section 10 for assessment years 1999-2000 to 2001-2002, subject to conditions: income must be applied or accumulated solely for its objects; investments limited to forms specified in section 11(5) (except certain voluntary contributions); business income excluded unless incidental and separately accounted; regular filing of income-tax returns; and on dissolution surplus and assets must go to a charitable organisation with similar objectives.