https://www.taxtmi.com/caselaws?id=313743 ITAT Mumbai held that assessee is eligible for foreign tax credit despite belated filing of Form No. 67 after due date but before completion of assessment. The tribunal distinguished between violation of Act provisions versus rules, noting that Rule 128(9) prescribing filing deadline carries no consequence for non-compliance. Following precedent in Sonkashi Sinha, the tribunal allowed foreign tax credit claim made with revised return and remanded matter to AO with direction to grant credit. Appeal allowed for statistical purposes. en-us Fri, 22 Dec 2023 00:00:00 +0530 Tue, 30 Apr 2024 21:26:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=313743 ITAT Mumbai held that assessee is eligible for foreign tax credit despite belated filing of Form No. 67 after due date but before completion of assessment. The tribunal distinguished between violation of Act provisions versus rules, noting that Rule 128(9) prescribing filing deadline carries no consequence for non-compliance. Following precedent in Sonkashi Sinha, the tribunal allowed foreign tax credit claim made with revised return and remanded matter to AO with direction to grant credit. Appeal allowed for statistical purposes. Case-Laws Income Tax Fri, 22 Dec 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=313743