https://www.taxtmi.com/caselaws?id=425532 Foreign tax credit under Article 24(2) of the India-UK DTAA read with section 90 and Rule 128 could not be denied where the original return and Form 67 were filed within the prescribed time; treating a later revised return as the operative filing was incorrect, so the denial was unsustainable. Depreciation claimed in the wrong schedule was rejected because the claim was improperly made and the underlying eligibility was not established, so the disallowance was upheld. Interest under section 234A could not be levied once the return was accepted as timely filed, and fee under section 234F was deleted on the same basis. Interest under sections 234B and 234C was left for recomputation in accordance with law. en-us Fri, 22 Jul 2022 00:00:00 +0530 Tue, 26 Jul 2022 09:18:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=425532 Foreign tax credit under Article 24(2) of the India-UK DTAA read with section 90 and Rule 128 could not be denied where the original return and Form 67 were filed within the prescribed time; treating a later revised return as the operative filing was incorrect, so the denial was unsustainable. Depreciation claimed in the wrong schedule was rejected because the claim was improperly made and the underlying eligibility was not established, so the disallowance was upheld. Interest under section 234A could not be levied once the return was accepted as timely filed, and fee under section 234F was deleted on the same basis. Interest under sections 234B and 234C was left for recomputation in accordance with law. Case-Laws Income Tax Fri, 22 Jul 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=425532