Step 1: Understanding the Question:
The question asks us to identify the functional group that gives a characteristic pink or magenta color development when reacted with Schiff's reagent.
Step 2: Detailed Explanation:
Schiff's reagent is a solution of rosaniline hydrochloride (fuchsine) that has been decolorized by sulfur dioxide. It acts as a highly sensitive qualitative test for aldehydes.
When an aliphatic or aromatic aldehyde ($-\text{CHO}$ group) is added to this colorless reagent, it restores the magenta-pink color due to the formation of a complex quinoid dye structure.
Ketones, carboxylic acids ($-\text{COOH}$), and alcohols ($-\text{CH}_2\text{OH}$) generally do not restore the color of Schiff's reagent under standard test conditions. Thus, the appearance of the pink color specifically confirms the presence of an aldehydic group.
Step 3: Final Answer:
The functional group confirmed by the Schiff's test is the aldehyde group ($-\text{CHO}$), matching option (B).