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of <h1>National Institute of Bank Management Gains Tax Exemption for 1987-1990 Under Section 10(23C) of Income-tax Act</h1> The Central Government has notified the National Institute of Bank Management, Bombay, under sub-clause (iv) of clause (23C) of section 10 of the Income-tax Act, 1961. This notification, identified as S.O.176 and dated July 7, 1993, applies to the assessment years 1987-88 to 1989-90. This designation allows the institute to benefit from specific tax exemptions as outlined in the mentioned section of the Income-tax Act.
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