Section 4(3) (i) of the Act reads : "Subject to the provisions of clause (c) of subsection (1) of section 16, any income derived from property held under trust or other legal obligation wholly for religious or charitable purposes, in so far as such income is applied or accumulated for application to such religious or charitable purposes as relate to anything done within the taxable territories, and in the case of property so held in part only for such purposes, the income applied or finally set apart for application thereto 389 Provided that such income shall be included in the total income (a) if it is applied to religious or charitable purposes without the taxable territories, but in the following cases, namely : (i) where the property is held under trust or other legal obligation created before the ,commencement of the Indian Income tax (Amendment) Act, 1953 (25 of 1953), and the income therefrom is applied to such purposes without the taxable territories; and (ii) where the property is held under trust or other legal obligation created after such commencement, and the income therefrom is applied without the taxable territories to charitable purposes which tend to promote international welfare in which India is interested.