https://www.taxtmi.com/caselaws?id=438512 The Tribunal upheld the CIT(A)'s decision regarding Foreign Tax Credit, directing the Assessing Officer to examine and allow or disallow the claim. The AO was instructed to pass appropriate orders in compliance. In relation to Interest under section 234C, the Tribunal directed the AO to restrict the levy to the returned income, not the assessed income. As a result, the appeal was partly allowed in favor of the assessee. en-us Wed, 31 May 2023 00:00:00 +0530 Fri, 02 Jun 2023 08:33:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=438512 The Tribunal upheld the CIT(A)'s decision regarding Foreign Tax Credit, directing the Assessing Officer to examine and allow or disallow the claim. The AO was instructed to pass appropriate orders in compliance. In relation to Interest under section 234C, the Tribunal directed the AO to restrict the levy to the returned income, not the assessed income. As a result, the appeal was partly allowed in favor of the assessee. Case-Laws Income Tax Wed, 31 May 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=438512