https://www.taxtmi.com/caselaws?id=448199 ITAT Chennai allowed assessee's appeal for statistical purposes regarding foreign tax credit claim denial. The AO had rejected FTC claim due to late filing of Form No. 67 beyond prescribed time under Rule 128 of Income Tax Rules, 1963. ITAT set aside both CIT(A) and AO orders, directing AO to reconsider assessee's FTC claims afresh after providing reasonable opportunity of hearing. Assessee was directed to substantiate claims before AO during fresh consideration proceedings. en-us Wed, 01 Nov 2023 00:00:00 +0530 Fri, 12 Jan 2024 09:35:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=448199 ITAT Chennai allowed assessee's appeal for statistical purposes regarding foreign tax credit claim denial. The AO had rejected FTC claim due to late filing of Form No. 67 beyond prescribed time under Rule 128 of Income Tax Rules, 1963. ITAT set aside both CIT(A) and AO orders, directing AO to reconsider assessee's FTC claims afresh after providing reasonable opportunity of hearing. Assessee was directed to substantiate claims before AO during fresh consideration proceedings. Case-Laws Income Tax Wed, 01 Nov 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=448199