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2021 (5) TMI 781 - AT - Income TaxUn-explained investment in shares u/sec. 69 - Assessee seeked admission of additional evidence - HELD THAT:- Though additional evidence is very much related to the issue involved in the appeal and essential for proper and just decision of the case, however as the Assessee’s reply and cause shown for non-filing of documents before the authorities below for a long period, is neither plausible nor satisfactory and sufficient, hence we deem it appropriate to accept the prayer of the Assessee for admission of additional evidence, subject to deposit in Andhra Pradesh Chief Minister’s Welfare Fund for Covid-19, within 15 days from the date of this order, as offered and agreed by the Assessee. The case is remanded back to the file of AO for decision afresh while considering the additional evidence filed before us by the Assessee and without being influenced by any of the observations made in this order. Appeal filed by the Assessee allowed for statistical purpose.
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