Taxability of receipt of school for facilitating university

Dear friends,

Please give your valuable opinions on the following:

1. Whether receipt of a school from a university for making its premises and infra available for holding university exams., is subject to income tax while normal income of the school is exempt u/s 10(23C)(vi)?

2. Whether school is liable to pay service tax on the above said receipt without getting benefit of threshold limit of Rs. 10.00 lacs?

Thanks!

CA. Sanjeev Kumar