https://www.taxtmi.com/caselaws?id=777681 ITAT allowed the appeal, holding that assets and interest declared under IDS, 2016 were covered by the immunity granted by the scheme. The tribunal found the assessee had validly declared money-lending advances and interest; interest earned after the declaration until realization constituted post-declaration income and could not be recharacterized as undisclosed income under s.68 read with s.115BBE. The Revenue could not compel disclosure of counterparties' identities where immunity applied, and taxation under those provisions was disallowed. en-us Thu, 28 Aug 2025 00:00:00 +0530 Wed, 03 Sep 2025 08:19:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=777681 ITAT allowed the appeal, holding that assets and interest declared under IDS, 2016 were covered by the immunity granted by the scheme. The tribunal found the assessee had validly declared money-lending advances and interest; interest earned after the declaration until realization constituted post-declaration income and could not be recharacterized as undisclosed income under s.68 read with s.115BBE. The Revenue could not compel disclosure of counterparties' identities where immunity applied, and taxation under those provisions was disallowed. Case-Laws Income Tax Thu, 28 Aug 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=777681