Tax exemption notified for a charitable organisation under the Income-tax Act, conditional on application of income and compliance. The Central Government notifies The Bharat Scouts and Guides, New Delhi under clause (23C)(iv) of section 10 for assessment years 1995-96 to 1997-98, subject to conditions: income must be applied or accumulated wholly and exclusively for established objects; investments confined to modes permitted by the Act (excluding certain voluntary contributions held as jewellery or furniture); business income excluded unless incidental and separately accounted; regular filing of income-tax returns; and on dissolution surplus and assets must be transferred to a charitable organisation with similar objectives.