https://www.taxtmi.com/caselaws?id=751162 The ITAT allowed the appeal, overturning the denial of Foreign Tax Credit (FTC) by the CPC due to the late filing of Form 67 under s. 139(1) of the Income-tax Act, 1961. The Tribunal emphasized that procedural requirements should not override substantive rights, directing the AO to grant the FTC and refund, favoring the assessee by interpreting the legislation beneficially. en-us Thu, 04 Apr 2024 00:00:00 +0530 Mon, 08 Apr 2024 17:23:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=751162 The ITAT allowed the appeal, overturning the denial of Foreign Tax Credit (FTC) by the CPC due to the late filing of Form 67 under s. 139(1) of the Income-tax Act, 1961. The Tribunal emphasized that procedural requirements should not override substantive rights, directing the AO to grant the FTC and refund, favoring the assessee by interpreting the legislation beneficially. Case-Laws Income Tax Thu, 04 Apr 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=751162