https://www.taxtmi.com/caselaws?id=752033 ITAT Mumbai allowed the appeal regarding foreign tax credit under section 90. The assessee claimed credit only in revised return and filed Form 67 after the original return's due date. Following coordinate bench precedents in Vidya Tukaram Desai and Sonkashi Sinha cases, the Tribunal held that foreign tax credit is allowable when Form 67 is filed before assessment completion. Since Form 67 was filed with revised return on 28.03.2019, before CPC processing on 11.06.2020, the matter was restored to AO for verification and consideration of the claim. en-us Thu, 25 Apr 2024 00:00:00 +0530 Wed, 01 May 2024 09:07:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=752033 ITAT Mumbai allowed the appeal regarding foreign tax credit under section 90. The assessee claimed credit only in revised return and filed Form 67 after the original return's due date. Following coordinate bench precedents in Vidya Tukaram Desai and Sonkashi Sinha cases, the Tribunal held that foreign tax credit is allowable when Form 67 is filed before assessment completion. Since Form 67 was filed with revised return on 28.03.2019, before CPC processing on 11.06.2020, the matter was restored to AO for verification and consideration of the claim. Case-Laws Income Tax Thu, 25 Apr 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=752033