https://www.taxtmi.com/caselaws?id=449687 The ITAT Mumbai held that filing Form No. 67 for claiming Foreign Tax Credit under Section 90 is directory, not mandatory. The tribunal ruled that rules cannot override the Act, and late filing of Form No. 67 beyond the due date under Section 139(1) cannot be grounds for denying FTC. The matter was remanded to the assessing officer to grant Foreign Tax Credit after proper verification and in accordance with law. The assessee's appeal was allowed for statistical purposes. en-us Thu, 15 Feb 2024 00:00:00 +0530 Sat, 17 Feb 2024 06:50:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=449687 The ITAT Mumbai held that filing Form No. 67 for claiming Foreign Tax Credit under Section 90 is directory, not mandatory. The tribunal ruled that rules cannot override the Act, and late filing of Form No. 67 beyond the due date under Section 139(1) cannot be grounds for denying FTC. The matter was remanded to the assessing officer to grant Foreign Tax Credit after proper verification and in accordance with law. The assessee's appeal was allowed for statistical purposes. Case-Laws Income Tax Thu, 15 Feb 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=449687