Assessee filed its return claiming foreign tax credit (FTC). The\u00a0 Assessing Officer denied\u00a0 foreign tax credit (FTC)\u00a0\u00a0 on ground that assessee had not filed Form No. 67 within due date of filing return. CIT(A) dismissed thee appeal. On appeal the Tribunal held that\u00a0 that Rule 128(9) of Rules does not provide for disallowance of FTC in case of delay in filing Form No. 67; filing of Form No. 67 is not mandatory but a directory requirement; and that non-furnishing of Form No. 67 before due date under section 139(1) is not fatal to claim for FTC. Followed\u00a0 Vinodkumar Lakshmipathi v. CIT (Appeals) NFAC, Delhi (2022) 145 taxmann.com 235 (Bang)( Trib) and directed the Assessing\u00a0 Officer\u00a0 to allow foreign tax credit as per Form 67 filed after due verification. (AY. 2021-22)<\/p>\n","protected":false},"excerpt":{"rendered":"
S. 90 : Double taxation relief-Foreign tax-Non-furnishing of Form No.67 before the due date under section 139(1) is not fatal to claim for foreign tax credit-Assessing Officer is directed to allow foreign tax credit as per Form 67 filed after due verification.[R. 128(9), Form No 67] <\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[],"class_list":["post-48760","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-cGs","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/48760","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/comments?post=48760"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/48760\/revisions"}],"predecessor-version":[{"id":48761,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/48760\/revisions\/48761"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=48760"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=48760"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=48760"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}