Any income received by any person on behalf of “Administrative Staff College of India, Bella Vista, Hyderabad exempted under Section 10 (23C)(iv)

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....tion 10 (23C)(iv) NOTIFICATION No. 74/2007, dated 23-3-2007 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 "Administrative Staff College of India, Bella Vista, Hyderabad-500 082" (hereinafter the "Institution") shall no....

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....ny 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 separate books of account are maintained in respect of such busine....