https://www.taxtmi.com/caselaws?id=450687 The ITAT Bangalore held that delayed filing of Form 67 for claiming Foreign Tax Credit under section 90 does not result in automatic disallowance. The tribunal ruled that filing Form 67 within the due date under section 139(1) is directory, not mandatory, since Rule 128(9) does not provide for FTC disallowance due to delayed filing. Following the precedent in Keval Niraj Hutheesing case by ITAT Ahmedabad, the tribunal directed the AO to allow FTC after proper verification of the subsequently filed Form 67. The assessee's appeal was allowed for statistical purposes. en-us Thu, 07 Mar 2024 00:00:00 +0530 Sat, 09 Mar 2024 09:41:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=450687 The ITAT Bangalore held that delayed filing of Form 67 for claiming Foreign Tax Credit under section 90 does not result in automatic disallowance. The tribunal ruled that filing Form 67 within the due date under section 139(1) is directory, not mandatory, since Rule 128(9) does not provide for FTC disallowance due to delayed filing. Following the precedent in Keval Niraj Hutheesing case by ITAT Ahmedabad, the tribunal directed the AO to allow FTC after proper verification of the subsequently filed Form 67. The assessee's appeal was allowed for statistical purposes. Case-Laws Income Tax Thu, 07 Mar 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=450687