Alternative statutory remedy and unexplained delay barred writ review of customs confiscation adjudication, leaving merits for appellate consideration...
Authorised courier due diligence protects against penalties where declared exports conceal prohibited goods despite proper documentation and customs p...
Customs-controlled container movement now extends to DP World facilities, subject to segregation, inspections, reconciliation, and EXIM cargo priority...
ITAT ruled on Foreign Tax Credit (FTC) claim where Form No. 67 was filed beyond statutory deadline. The tribunal held that delayed filing does not automatically disqualify FTC claim. Applying judicial precedents from Madras HC and ITAT Kolkata, the tribunal determined that procedural delays in submitting Form No. 67 under rule 128(9) of Income-tax Rules do not preclude taxpayer from claiming foreign tax credit. The appellate tribunal directed the Assessing Officer to grant FTC benefit for taxes paid in foreign jurisdiction consistent with Double Taxation Avoidance Agreement between India and USA. Assessee's appeal was consequently allowed, establishing that technical non-compliance does not nullify substantive tax credit entitlement.
ITAT ruled on Foreign Tax Credit (FTC) claim where Form No. 67 was filed beyond statutory deadline. The tribunal held that delayed filing does not automatically disqualify FTC claim. Applying judicial precedents from Madras HC and ITAT Kolkata, the tribunal determined that procedural delays in submitting Form No. 67 under rule 128(9) of Income-tax Rules do not preclude taxpayer from claiming foreign tax credit. The appellate tribunal directed the Assessing Officer to grant FTC benefit for taxes paid in foreign jurisdiction consistent with Double Taxation Avoidance Agreement between India and USA. Assessee's appeal was consequently allowed, establishing that technical non-compliance does not nullify substantive tax credit entitlement.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4828 
Join Channel 
