https://www.taxtmi.com/caselaws?id=784871 Applicability of deduction entitlement turned on submission of Bank Realization Certificates (BRC). The analysis recognises that banks issue BRC consignment-wise and do not issue consolidated BRC, and therefore the absence of a consolidated BRC cannot defeat the deduction; consequence: the taxpayer may rely on consignment-wise BRCs filed with export authorities. Administrative consequence: Assessing Authority must re-examine records and drop any demand if consignment-wise BRCs exist; if absent, the taxpayer shall be asked to furnish consignment-wise BRCs within two months and the assessing officer shall pass a reasoned order within one month thereafter. en-us Thu, 08 Jan 2026 00:00:00 +0530 Tue, 13 Jan 2026 08:29:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=784871 Applicability of deduction entitlement turned on submission of Bank Realization Certificates (BRC). The analysis recognises that banks issue BRC consignment-wise and do not issue consolidated BRC, and therefore the absence of a consolidated BRC cannot defeat the deduction; consequence: the taxpayer may rely on consignment-wise BRCs filed with export authorities. Administrative consequence: Assessing Authority must re-examine records and drop any demand if consignment-wise BRCs exist; if absent, the taxpayer shall be asked to furnish consignment-wise BRCs within two months and the assessing officer shall pass a reasoned order within one month thereafter. Case-Laws Income Tax Thu, 08 Jan 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=784871