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<h1>Institute of Rail Transport Notified Under Section 10(23C)(iv) of Income-tax Act for Specific Assessment Years</h1> The Central Government has notified the Institute of Rail Transport, New Delhi under section 10(23C)(iv) of the Income-tax Act, 1961 for the assessment years 1999-2000 to 2001-2002. The notification stipulates that the institute must apply its income exclusively towards its established objectives and not invest its funds, except for voluntary contributions, in forms other than those specified in subsection (5) of section 11. Additionally, the notification does not cover income from business profits unless the business is incidental to the institute's objectives and separate accounts are maintained for such business activities.