https://www.taxtmi.com/caselaws?id=350328 The Tribunal condemned the Commissioner of Income Tax (Appeals) for not following a binding judicial precedent and upheld the appellant's plea for credit for state tax paid in the USA. The matter was remanded to the Assessing Officer for verification and granting of admissible relief, ensuring that the total foreign tax credit does not exceed the Indian tax liability on the same income. The appeal was allowed for statistical purposes, with instructions to the AO to verify and grant the admissible relief for the state tax credit, ensuring compliance with the overall tax liability limits. en-us Thu, 21 Sep 2017 00:00:00 +0530 Fri, 03 Nov 2017 11:56:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=350328 The Tribunal condemned the Commissioner of Income Tax (Appeals) for not following a binding judicial precedent and upheld the appellant's plea for credit for state tax paid in the USA. The matter was remanded to the Assessing Officer for verification and granting of admissible relief, ensuring that the total foreign tax credit does not exceed the Indian tax liability on the same income. The appeal was allowed for statistical purposes, with instructions to the AO to verify and grant the admissible relief for the state tax credit, ensuring compliance with the overall tax liability limits. Case-Laws Income Tax Thu, 21 Sep 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=350328