https://www.taxtmi.com/caselaws?id=753660 ITAT Delhi held that filing Form 67 for Foreign Tax Credit (FTC) is directory, not mandatory. The tribunal ruled that procedural violations do not affect substantive rights. Despite late filing, the assessee's FTC claim was valid. The matter was remanded to AO with directions to verify and decide the FTC claim after accepting Form 67. The assessee's appeal was allowed, overturning lower authorities' denial of FTC solely based on late procedural filing. en-us Fri, 31 May 2024 00:00:00 +0530 Thu, 06 Jun 2024 15:38:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=753660 ITAT Delhi held that filing Form 67 for Foreign Tax Credit (FTC) is directory, not mandatory. The tribunal ruled that procedural violations do not affect substantive rights. Despite late filing, the assessee's FTC claim was valid. The matter was remanded to AO with directions to verify and decide the FTC claim after accepting Form 67. The assessee's appeal was allowed, overturning lower authorities' denial of FTC solely based on late procedural filing. Case-Laws Income Tax Fri, 31 May 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=753660