https://www.taxtmi.com/caselaws?id=463478 ITAT JAIPUR held that interest earned on advances declared under IDS, 2016 and received post-declaration until realization constituted explained income tied to the disclosed assets. Because the assessee's declaration included advances with interest and immunity under IDS protected nondisclosure of counterparties, the interest could not be treated as unexplained cash credit under section 68 nor taxed under section 115BBE. The tribunal allowed the grounds challenging treatment as unexplained income and charging under section 115BBE. en-us Mon, 22 Jul 2024 00:00:00 +0530 Wed, 03 Sep 2025 19:06:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=463478 ITAT JAIPUR held that interest earned on advances declared under IDS, 2016 and received post-declaration until realization constituted explained income tied to the disclosed assets. Because the assessee's declaration included advances with interest and immunity under IDS protected nondisclosure of counterparties, the interest could not be treated as unexplained cash credit under section 68 nor taxed under section 115BBE. The tribunal allowed the grounds challenging treatment as unexplained income and charging under section 115BBE. Case-Laws Income Tax Mon, 22 Jul 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=463478