https://www.taxtmi.com/caselaws?id=445809 The Tribunal dismissed the revenue's appeal concerning the denial of a foreign tax credit of Rs. 3,66,855/- due to the late submission of Form No. 67 by the assessee. Despite a 2-day delay in filing the appeal, which was condoned, the Tribunal found that the requirement to file Form 67 is directory, not mandatory. Citing precedents, the Tribunal upheld the assessee's eligibility for the foreign tax credit, ruling that the appeal should not be dismissed on the grounds of low tax effect. The decision was pronounced on 31st October 2023 in Kolkata. en-us Tue, 31 Oct 2023 00:00:00 +0530 Sun, 19 Nov 2023 21:10:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=445809 The Tribunal dismissed the revenue's appeal concerning the denial of a foreign tax credit of Rs. 3,66,855/- due to the late submission of Form No. 67 by the assessee. Despite a 2-day delay in filing the appeal, which was condoned, the Tribunal found that the requirement to file Form 67 is directory, not mandatory. Citing precedents, the Tribunal upheld the assessee's eligibility for the foreign tax credit, ruling that the appeal should not be dismissed on the grounds of low tax effect. The decision was pronounced on 31st October 2023 in Kolkata. Case-Laws Income Tax Tue, 31 Oct 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=445809