Tax exemption recognition granted to a charitable panjrapole subject to income application, investment and reporting conditions. Notification grants charitable tax recognition to Shree Nasik Panchavati Panjrapole for specified assessment years on conditions: apply or accumulate income wholly and exclusively to its objects; restrict investments to permitted forms (with limited exceptions for voluntary contributions in kind); treat business income as taxable unless incidental and separately accounted; regularly file income tax returns; and, on dissolution, transfer surplus and assets to a charitable organization with similar objectives.