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The Mumbai Bench of Income Tax Appellate Tribunal (ITAT) has held that the income of the assessee with respect to contributions received from recognized stock exchanges and the members thereof is.

Processing centre of income taxForward markets commissionNational commodity derivatives exchange limitedNational commodity derivatives exchange ltdMumbai benchIncome tax appellate tribunalIncome taxRahul chaudharyJudicial memberPrashant maharishiAccountant memberNational commodity derivatives exchangeNational commodityDerivatives exchange limitedCentralised processing centreFor appellant