Tax exemption recognition for charitable fund confirmed, subject to exclusive income application and statutory investment and reporting conditions. The Central Government notified the National Children's Fund as eligible under sub-clause (iv) of clause (23C) of section 10 for specified assessment years, subject to conditions: apply or accumulate income wholly and exclusively for its objects; invest or deposit funds only in forms or modes permitted for charitable purposes; business income excluded unless incidental and separately accounted; regularly file income-tax returns; and on dissolution transfer surplus and assets to a like charitable organisation.