Tax exemption notification: Veerayatan recognised under section 10 with conditions on application of income and permitted investments. Central Government notifies Veerayatan under clause (23C)(v) of section 10 for specified assessment years subject to conditions: income must be applied or accumulated solely for its objects; investments and deposits must be only in forms permitted by section 11(5) (except certain voluntary contributions in kind); business income is excluded unless incidental with separate books; regular filing of returns is required; and on dissolution surplus and assets must go to a charitable organisation with similar objectives.