https://www.taxtmi.com/caselaws?id=428549 The Appellate Tribunal ITAT Mumbai allowed the appeal of the assessee, granting foreign tax credit for assessment year 2018-19. The Tribunal held that the requirement of filing Form 67 before the due date of filing the return of income was directory, not mandatory. Despite the belated filing of Form 67, the assessee was deemed eligible for foreign tax credit as it was submitted before the completion of assessment proceedings. The Tribunal distinguished between violations of acts and rules without specified consequences, ultimately providing relief to the assessee on various grounds related to the foreign tax credit claim. en-us Tue, 20 Sep 2022 00:00:00 +0530 Mon, 13 Apr 2026 11:10:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=428549 The Appellate Tribunal ITAT Mumbai allowed the appeal of the assessee, granting foreign tax credit for assessment year 2018-19. The Tribunal held that the requirement of filing Form 67 before the due date of filing the return of income was directory, not mandatory. Despite the belated filing of Form 67, the assessee was deemed eligible for foreign tax credit as it was submitted before the completion of assessment proceedings. The Tribunal distinguished between violations of acts and rules without specified consequences, ultimately providing relief to the assessee on various grounds related to the foreign tax credit claim. Case-Laws Income Tax Tue, 20 Sep 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=428549