https://www.taxtmi.com/caselaws?id=468774 Delay of 35 and 76 days in filing the appeals was condoned because the assessees supported the applications with affidavits and showed sufficient cause, particularly in the Covid period. The ex parte best judgment assessments and appellate orders arising from additions for cash deposits in a joint bank account were set aside because the assessees had not been given an effective opportunity to explain the source of the deposits. The matter was remanded for de novo assessment before the Assessing Officer, with factual verification of ownership and source, and the same deposit was not to be taxed again in the wife's hands if it was established in the husband's hands. en-us Wed, 05 Feb 2025 00:00:00 +0530 Wed, 20 May 2026 19:00:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=468774 Delay of 35 and 76 days in filing the appeals was condoned because the assessees supported the applications with affidavits and showed sufficient cause, particularly in the Covid period. The ex parte best judgment assessments and appellate orders arising from additions for cash deposits in a joint bank account were set aside because the assessees had not been given an effective opportunity to explain the source of the deposits. The matter was remanded for de novo assessment before the Assessing Officer, with factual verification of ownership and source, and the same deposit was not to be taxed again in the wife's hands if it was established in the husband's hands. Case-Laws Income Tax Wed, 05 Feb 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=468774