https://www.taxtmi.com/caselaws?id=755872 Foreign Tax Credit claimed on the basis of the return, revised return, Form 67, Australian tax return and activity statements could not be denied when the record did not disclose the reasons for refusal. The rectification order under Section 154, read with the earlier Section 143(1) intimation, reflected the credit claim but still withheld relief without a discernible basis. The denial was therefore set aside and the matter remanded for fresh consideration of the Foreign Tax Credit claim after giving the assessee a reasonable opportunity. en-us Tue, 16 Jul 2024 00:00:00 +0530 Mon, 22 Jul 2024 08:40:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=755872 Foreign Tax Credit claimed on the basis of the return, revised return, Form 67, Australian tax return and activity statements could not be denied when the record did not disclose the reasons for refusal. The rectification order under Section 154, read with the earlier Section 143(1) intimation, reflected the credit claim but still withheld relief without a discernible basis. The denial was therefore set aside and the matter remanded for fresh consideration of the Foreign Tax Credit claim after giving the assessee a reasonable opportunity. Case-Laws Income Tax Tue, 16 Jul 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=755872