https://www.taxtmi.com/caselaws?id=436703 The Tribunal held that the delay in filing Form 67 should not lead to the denial of Foreign Tax Credit (FTC) under sections 90/90A of the Income Tax Act. The procedural lapse in filing the form was not deemed sufficient to disentitle the assessee from claiming FTC. The Tribunal emphasized that procedural requirements should not override substantive rights granted under the Act. Additionally, the Tribunal noted that recent amendments to Rule 128 extended the deadline for filing Form 67, indicating legislative intent to provide more flexibility. The appeal was allowed for statistical purposes, directing the Assessing Officer to decide the FTC claim on its merits. en-us Fri, 17 Feb 2023 00:00:00 +0530 Wed, 19 Apr 2023 08:10:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=436703 The Tribunal held that the delay in filing Form 67 should not lead to the denial of Foreign Tax Credit (FTC) under sections 90/90A of the Income Tax Act. The procedural lapse in filing the form was not deemed sufficient to disentitle the assessee from claiming FTC. The Tribunal emphasized that procedural requirements should not override substantive rights granted under the Act. Additionally, the Tribunal noted that recent amendments to Rule 128 extended the deadline for filing Form 67, indicating legislative intent to provide more flexibility. The appeal was allowed for statistical purposes, directing the Assessing Officer to decide the FTC claim on its merits. Case-Laws Income Tax Fri, 17 Feb 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=436703