https://www.taxtmi.com/caselaws?id=384116 A valid VDIS declaration supported by item-wise valuation reports, smelting evidence, sale invoices and bank records can establish a continuous chain linking declared jewellery to the bullion sold, so the assessee discharges the burden of identity. The Revenue's reliance on external enquiries and invoice defects could not displace that chain, especially where the adverse material was not effectively put to the assessees and no mismatch in weight or identity was found. The Court also held that the Tribunal should have followed its own prior decisions on materially identical facts involving the same mode of declaration, smelting and sale. The additions were therefore set aside. en-us Tue, 30 Jul 2019 00:00:00 +0530 Mon, 05 Aug 2019 10:04:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=384116 A valid VDIS declaration supported by item-wise valuation reports, smelting evidence, sale invoices and bank records can establish a continuous chain linking declared jewellery to the bullion sold, so the assessee discharges the burden of identity. The Revenue's reliance on external enquiries and invoice defects could not displace that chain, especially where the adverse material was not effectively put to the assessees and no mismatch in weight or identity was found. The Court also held that the Tribunal should have followed its own prior decisions on materially identical facts involving the same mode of declaration, smelting and sale. The additions were therefore set aside. Case-Laws Income Tax Tue, 30 Jul 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=384116