ITAT Visakhapatnam Allows 30% Tax Rate on Demonetization Deposits as per pre-amended Section 115BBE

Sathi Mangayamma Vs ITO (ITAT Visakhapatnam) ITAT Visakhapatnam partially allows taxpayer appeal on demonetization-period cash deposits, upholding unexplained income addition under Section 69A but applying 30% tax rate as per pre-amended Section 115BBE. Business sales claim rejected due to invalid tender. The Income Tax Appellate Tribunal (ITAT), Visakhapatnam Bench, delivered its order in the case of Sathi Mangayamma v. Income Tax Officer (ITA No.119/Viz/2025, AY 2017-18) on 30 June 2025. The appeal arose from an order of the Commissioner of Income-Tax (Appeals), National Faceless Appeal Cent...