Political contribution deductions require genuine transactions; banking records and party registration alone cannot defeat evidence of accommodation e...
Post-death GST liability permits fresh proceedings against legal representatives, while discontinued-business recovery remains limited to the inherite...
Non-confirmation of FEMA seizure prevents adjudicators from overriding pending appellate findings on recorded reasons and suspected foreign asset hold...
Foreign Tax Credit u/s. 90 - Assessee did not file Form 67 at the time of filing of her return of income - Referring to established case law, the Tribunal affirmed that Rule 128 of the Income Tax Rules, which prescribes Form 67, is directory and not mandatory. Therefore, the delay in filing this form should not be a ground for rejecting the Foreign Tax Credit claim. Considering the submission and the legal standpoint, the Tribunal concluded that the rejection of the Foreign Tax Credit claim solely based on the delay in filing Form 67 was not justifiable.
Foreign Tax Credit u/s. 90 - Assessee did not file Form 67 at the time of filing of her return of income - Referring to established case law, the Tribunal affirmed that Rule 128 of the Income Tax Rules, which prescribes Form 67, is directory and not mandatory. Therefore, the delay in filing this form should not be a ground for rejecting the Foreign Tax Credit claim. Considering the submission and the legal standpoint, the Tribunal concluded that the rejection of the Foreign Tax Credit claim solely based on the delay in filing Form 67 was not justifiable.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
