Step 1: Identify \(X\).
On heating or exposure to light, phosphine decomposes as
\[
4\mathrm{PH_3}
\rightarrow
\mathrm{P_4}+6\mathrm{H_2}
\]
The phosphorus obtained is red phosphorus.
Step 2: Analyse the statements.
• Red phosphorus is a non-poisonous, odourless solid. \checkmark
• It is insoluble in water and carbon disulphide. \checkmark
• It possesses a polymeric structure. \checkmark
• Chemiluminescence is exhibited by white phosphorus, not red phosphorus. \(\times\)
Step 3: Final conclusion.
The incorrect statement is
\[
\boxed{\text{It exhibits chemiluminescence in dark}.}
\]
Hence, the correct option is \(\boxed{(D)}\).