Any income received by any person on behalf of National Institute of Bank Management Mumbai exempted under Section 10 (23C)(iv) for the Assessment Years 2006-07 to 2008-09

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..... ent Years 2006-07 to 2008-09 NOTIFICATION NO. 318/2006, DATED 14-11-2006 In exercise of powers conferred by the sub-clause (iv) of the Clause (23C) of Section 10 of the Income tax Act, 1961 (43 of 1961), the Central Government hereby notifies that any income received by any person on behalf of National Institute of Bank Management Mumbai (hereinafter the Institution) shall not be included in the .....

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..... forms or modes specified in sub-section (5) of the section 11; (iii) this notification will not apply in relation to any income being profits and gains of business, unless the business is incidental to the attainment of the objectives of the Institution and separate books of account are maintained in respect of such business; (iv) the Institution will regularly file its return of income before .....

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