https://www.taxtmi.com/caselaws?id=311775 The Appellate Tribunal allowed the appeal filed by the assessee, reversing the decisions of the AO and the Commissioner of Income-tax (Appeals). The Tribunal ruled that the assessee was entitled to the foreign tax credit of Rs. 17,72,470 under section 90 of the Income Tax Act, 1961, despite the delayed filing of Form-67. The Tribunal emphasized that the technicality of the late filing should not prevent the assessee from receiving the legitimate foreign tax credit, especially given the tax deduction occurred in the UK. en-us Wed, 19 Jul 2023 00:00:00 +0530 Fri, 12 Jan 2024 08:42:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=311775 The Appellate Tribunal allowed the appeal filed by the assessee, reversing the decisions of the AO and the Commissioner of Income-tax (Appeals). The Tribunal ruled that the assessee was entitled to the foreign tax credit of Rs. 17,72,470 under section 90 of the Income Tax Act, 1961, despite the delayed filing of Form-67. The Tribunal emphasized that the technicality of the late filing should not prevent the assessee from receiving the legitimate foreign tax credit, especially given the tax deduction occurred in the UK. Case-Laws Income Tax Wed, 19 Jul 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=311775