https://www.taxtmi.com/caselaws?id=758337 ITAT Ahmedabad allowed assessee's appeal for foreign tax credit under DTAA between India and USA. Revenue authorities denied FTC relief due to delayed filing of Form 67. ITAT held that Form 67 filing is directory, not mandatory requirement. Since assessee filed Form 67 before return processing and paid taxes in USA, double taxation cannot be imposed. Following precedents from ITAT Ahmedabad, Jaipur, and Bangalore, tribunal ruled that delayed Form 67 filing cannot deny FTC entitlement when treaty provisions apply. en-us Tue, 10 Sep 2024 00:00:00 +0530 Wed, 11 Sep 2024 12:39:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=758337 ITAT Ahmedabad allowed assessee's appeal for foreign tax credit under DTAA between India and USA. Revenue authorities denied FTC relief due to delayed filing of Form 67. ITAT held that Form 67 filing is directory, not mandatory requirement. Since assessee filed Form 67 before return processing and paid taxes in USA, double taxation cannot be imposed. Following precedents from ITAT Ahmedabad, Jaipur, and Bangalore, tribunal ruled that delayed Form 67 filing cannot deny FTC entitlement when treaty provisions apply. Case-Laws Income Tax Tue, 10 Sep 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=758337