Foreign Tax Credits Denied: Assessee Must Submit Required Documents to AO u/s 128(8) for Verification.

Foreign Tax Credits Denied: Assessee Must Submit Required Documents to AO u/s 128(8) for Verification. https://www.taxtmi.com/highlights?id=67022 Disallowance of foreign tax credits - failure to the requisite documents as specified u/s 128(8) - Considering the fact that the assessee is stated to be in possession of documentary evidence, as required under rule 128(8) and (9), we direct the assessee to furnish them before AO for examination. AO is directed to verify the documentary evidences filed or to be filed by the assessee and allow foreign tax credit in accordance with the extant rules read with section 90 of the Act. - AT en-us Sat, 10 Dec 2022 11:13:43 +0530 Sat, 10 Dec 2022 11:13:43 +0530 TaxTMI RSS Generator Foreign Tax Credits Denied: Assessee Must Submit Required Documents to AO u/s 128(8) for Verification. https://www.taxtmi.com/highlights?id=67022 Disallowance of foreign tax credits - failure to the requisite documents as specified u/s 128(8) - Considering the fact that the assessee is stated to be in possession of documentary evidence, as required under rule 128(8) and (9), we direct the assessee to furnish them before AO for examination. AO is directed to verify the documentary evidences filed or to be filed by the assessee and allow foreign tax credit in accordance with the extant rules read with section 90 of the Act. - AT Highlights Income Tax Sat, 10 Dec 2022 11:13:43 +0530 https://www.taxtmi.com/highlights?id=67022