Section 10(23EC) provides that any income of a notified Investors Protection Fund received by way of contributions from a commodity exchange and its members shall be exempt from tax. On September 12, 2023, the Central Board of Direct Taxes (CBDT) issued Notification No. 77/2023, notifying the exemption for the Multi Commodity Exchange Investor (Client) Protection Fund Trust established by Multi Commodity Exchange of India Limited, Mumbai, for the assessment year 2014-15.
The Notification can be accessed at: https://egazette.gov.in/WriteReadData/2023/248667.pdf