https://www.taxtmi.com/caselaws?id=260239 Rectification applications under section 154 were treated as timely because the four-year period ran from the assessment order sought to be rectified, and the omission to deal with the claimed foreign tax credit could be examined as a mistake apparent from the record. On the substantive issue, income covered by section 10A remained part of chargeable total income after the provision was amended to operate as a deduction from total income, so foreign tax credit was not denied merely because the same income had domestic deduction relief. Applying the India-Japan treaty, the assessee was held entitled to credit for tax deducted in Japan against Indian tax on the corresponding income. en-us Fri, 17 Apr 2015 00:00:00 +0530 Tue, 18 Aug 2015 17:49:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=260239 Rectification applications under section 154 were treated as timely because the four-year period ran from the assessment order sought to be rectified, and the omission to deal with the claimed foreign tax credit could be examined as a mistake apparent from the record. On the substantive issue, income covered by section 10A remained part of chargeable total income after the provision was amended to operate as a deduction from total income, so foreign tax credit was not denied merely because the same income had domestic deduction relief. Applying the India-Japan treaty, the assessee was held entitled to credit for tax deducted in Japan against Indian tax on the corresponding income. Case-Laws Income Tax Fri, 17 Apr 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=260239