Risk-based postal import clearance standardises electronic assessment, document requests, duty realisation and delivery controls at Foreign Post Offic...
Customs Cargo Service Provider appointment extends custodianship to additional terminal land, subject to cargo-control, security and licence condition...
Post-search scrutiny assessment remains available where original assessment limitation is unexpired, permitting timely completion under regular assess...
The ITAT Delhi held that denial of foreign tax credit u/s 90...
Foreign tax credit u/s 90 even if form 67 filed belatedly, is allowable subject to verification by the AO. Assessee entitled to claim relief as per DTAA.
Contents
Summary
Note
Bookmark
Share
✓ Copied successfully !
Print
Print Options
For full text, please login
Login to TaxTMI
Verification Pending
The Email Id has not been verified. Click on the link we have sent on
The ITAT Delhi held that denial of foreign tax credit u/s 90 solely for not filing Form 67 before original tax return u/s 139(1) is incorrect. Assessee can claim credit per DTAA even if Form 67 is filed with revised return. CIT (A) erred in not considering the claim before AO. Following Goetze (India) Ltd. case, claim is admitted for justice. Issue remitted to AO for consideration based on documents submitted. Assessee's appeal allowed for statistical purposes.
The ITAT Delhi held that denial of foreign tax credit u/s 90 solely for not filing Form 67 before original tax return u/s 139(1) is incorrect. Assessee can claim credit per DTAA even if Form 67 is filed with revised return. CIT (A) erred in not considering the claim before AO. Following Goetze (India) Ltd. case, claim is admitted for justice. Issue remitted to AO for consideration based on documents submitted. Assessee's appeal allowed for statistical purposes.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 4798
Join Channel
TaxTMI 
