https://www.taxtmi.com/caselaws?id=762036 ITAT PUNE held that surrendered income during survey proceedings cannot be treated as unexplained sources under section 68 with section 115BBE taxation when the assessee clearly explained the source. The assessee disclosed additional cash receipts from land business with specific survey numbers, providing complete details of nature and source during survey. Since provisions of sections 68, 69, 69A-69D were not attracted to the surrendered amount with explained source, section 115BBE's higher tax rate was not applicable. Appeal allowed. en-us Tue, 19 Nov 2024 00:00:00 +0530 Thu, 21 Nov 2024 13:18:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=762036 ITAT PUNE held that surrendered income during survey proceedings cannot be treated as unexplained sources under section 68 with section 115BBE taxation when the assessee clearly explained the source. The assessee disclosed additional cash receipts from land business with specific survey numbers, providing complete details of nature and source during survey. Since provisions of sections 68, 69, 69A-69D were not attracted to the surrendered amount with explained source, section 115BBE's higher tax rate was not applicable. Appeal allowed. Case-Laws Income Tax Tue, 19 Nov 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=762036