https://www.taxtmi.com/caselaws?id=799591 Rule 29 permits admission of additional evidence where it is necessary for effective adjudication or substantial cause exists. Bank and depository transaction statements directly bearing on disputed share purchases, payments, holdings and sales are material to assessing whether transactions occurred and whether a claimed short-term capital loss is genuine. Where such evidence was not examined by lower authorities, fresh factual verification at the first appellate level, with both sides heard on the additional material and complete record, is required before the loss claim can be determined. en-us Mon, 17 Aug 2026 00:00:00 +0530 Thu, 24 Sep 2026 08:27:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=799591 Rule 29 permits admission of additional evidence where it is necessary for effective adjudication or substantial cause exists. Bank and depository transaction statements directly bearing on disputed share purchases, payments, holdings and sales are material to assessing whether transactions occurred and whether a claimed short-term capital loss is genuine. Where such evidence was not examined by lower authorities, fresh factual verification at the first appellate level, with both sides heard on the additional material and complete record, is required before the loss claim can be determined. Case-Laws Income Tax Mon, 17 Aug 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=799591