VDIS Scheme benefit granted even in absence of original certificate of jewellery

Mandeep Khurana Vs ACIT (ITAT Delhi) ITAT Delhi held that in absence of original certificate, benefit of jewellery and ornaments declared in VDIS Scheme 1997 is granted based on affidavit and valuation report of the jewellery declared under VDIS. Facts- During search and seizure operation, the locker nos.17, 132 & 194 of the assessee were searched and amount of jewellery which was valued at Rs.1,96,44,084/- was found. Certain part of the jewellery found from the locker were declared by the assessee under VDIS, 1997 to the extent of Rs.8,66,943/-. In support of the same, assessee has not fi...