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ITAT cancels Rs 25,000 penalty imposed on MCX trader

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The Income Tax Appellate Tribunal has set aside a Rs 25,000 penalty that had been levied on a trader dealing on the Multi Commodity Exchange. The tribunal's decision overturns the earlier penalty order against the individual. The ruling concerns the trader's tax matter and the penalty imposed on them. Further details of the reasoning were not included in the source text provided.

Read the full story at Economic Times

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ITAT cancels Rs 25,000 penalty imposed on MCX trader · ShortSingh