TMI BlogAny income received by any person on behalf of “National Institute of Public Finance and Policy, 18/2, Satsang Vihar Marg, Special Institutional Area, (Near JNU), New Delhi exempted under Section 10 (23C)(v)X X X X Extracts X X X X X X X X Extracts X X X X ..... , 18/2, Satsang Vihar Marg, Special Institutional Area, (Near JNU), New Delhi exempted under Section 10 (23C)(iv) NOTIFICATION No. 15/2007, dated 25-1-2007 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 Nati ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... , etc.) for any period during the previous years relevant to the assessment years mentioned above otherwise than in any one or more of the forms or modes specified in sub-section (5) of the section 11 ; ( c ) 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 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ution and not to any other receipt or income of such recipients. Taxability or, otherwise of the income of the Institution would be separately considered as per the provisions of the Income-tax Act, 1961 . 3. This notification is applicable for Assessment Year 2002-03 and onwards. 4. The above notification is liable to be rescinded by the Central Government, if it is subsequently found that t ..... X X X X Extracts X X X X X X X X Extracts X X X X
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