https://www.taxtmi.com/caselaws?id=282372 The Tribunal ruled in favor of the appellant, setting aside the CIT(A) order and deleting the addition of sale proceeds. It was established that the same quantity of silver and diamonds declared under VDIS was indeed sold, despite being in a different form. The Tribunal found no justification for the addition of sale proceeds in the books of accounts, as the Revenue had already accepted the declaration under VDIS. The appeal by the assessee was allowed. en-us Mon, 04 Jul 2016 00:00:00 +0530 Mon, 05 Aug 2019 20:16:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=282372 The Tribunal ruled in favor of the appellant, setting aside the CIT(A) order and deleting the addition of sale proceeds. It was established that the same quantity of silver and diamonds declared under VDIS was indeed sold, despite being in a different form. The Tribunal found no justification for the addition of sale proceeds in the books of accounts, as the Revenue had already accepted the declaration under VDIS. The appeal by the assessee was allowed. Case-Laws Income Tax Mon, 04 Jul 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=282372