https://www.taxtmi.com/caselaws?id=407902 Additional evidence may be admitted under Rule 29 of the ITAT Rules where it is relevant and necessary for a just decision, even if the assessee's explanation for earlier non-production is unsatisfactory. In this matter, the disputed share investment addition under section 69 was based on materials available after the assessee failed to produce supporting documents before the lower authorities. The Tribunal balanced the need for fair adjudication against the failure to file evidence earlier, admitted the fresh material subject to costs, and remanded the assessment to the Assessing Officer for reconsideration de novo without being influenced by prior observations. en-us Thu, 13 May 2021 00:00:00 +0530 Wed, 26 May 2021 08:40:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=407902 Additional evidence may be admitted under Rule 29 of the ITAT Rules where it is relevant and necessary for a just decision, even if the assessee's explanation for earlier non-production is unsatisfactory. In this matter, the disputed share investment addition under section 69 was based on materials available after the assessee failed to produce supporting documents before the lower authorities. The Tribunal balanced the need for fair adjudication against the failure to file evidence earlier, admitted the fresh material subject to costs, and remanded the assessment to the Assessing Officer for reconsideration de novo without being influenced by prior observations. Case-Laws Income Tax Thu, 13 May 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=407902