https://www.taxtmi.com/caselaws?id=432901 The Tribunal allowed the appeals filed by the assessee, overturning the disallowance of foreign tax credit (FTC) for the assessment years 2019-2020 and 2020-2021. The Tribunal held that the requirement to file Form No.67 within the specified due date under Rule 128(9) of the Income Tax Rules is directory, not mandatory. Emphasizing that DTAA provisions prevail over domestic laws, the Tribunal ruled that denial of FTC solely based on the timing of filing Form No.67 was unjustified. The judgment was issued on December 13, 2022. en-us Tue, 13 Dec 2022 00:00:00 +0530 Tue, 17 Jan 2023 06:33:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=432901 The Tribunal allowed the appeals filed by the assessee, overturning the disallowance of foreign tax credit (FTC) for the assessment years 2019-2020 and 2020-2021. The Tribunal held that the requirement to file Form No.67 within the specified due date under Rule 128(9) of the Income Tax Rules is directory, not mandatory. Emphasizing that DTAA provisions prevail over domestic laws, the Tribunal ruled that denial of FTC solely based on the timing of filing Form No.67 was unjustified. The judgment was issued on December 13, 2022. Case-Laws Income Tax Tue, 13 Dec 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=432901