2025 (2) TMI 1887

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....24 & 17.05.2024 respectively for assessment year 2012-13 (hereinafter in short "AY"). 2. At the outset, we note that these appeals were filed with a delay of 35 days & 76 days respectively. On perusal of the applications filed for condonation of delay supported by affidavits and submissions of the Ld. AR and Ld. DR, we find the reasons explained by the assessees are reasonable and shows sufficient cause which prevented them in filing the appeals in time. Thus, the delay of 35 days in filing ITA No.2537/CHNY/2024 and 76 days in filing ITA No.2538/CHNY/2024 are condoned and the appeals are admitted for adjudication. 3. At the outset, the Ld.AR of the assessee pointed out that the Ld.CIT(A)/NFAC has passed ex-parte orders qua both the as....

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.... husband & wife (Husband: Shri Bangaru Jayaraman and Wife: Smt. Jayaraman Sagunthala) and both were having a joint account in the Canara Bank. In the said bank account, the first name was of the husband and second name was that of the wife. According to the husband, his total income for the AY 2012-13 was Rs. 1,79,510/-, which was below the taxable limit and therefore, he was not required to file the return of income. According to the wife, she didn't have any income from any source during the relevant year under consideration and therefore, didn't file any return of income. According to the husband, he is engaged in the business of providing building materials / stones and the cash deposits was out of such business transaction. In other wo....