https://www.taxtmi.com/caselaws?id=758479 The ITAT Amritsar allowed the assessee's appeal regarding foreign tax credit denial. The tribunal held that Form No. 67 for claiming foreign tax credit need not be filed within the time limit under section 139(1), but must be submitted before completion of assessment proceedings. Since the assessee filed Form No. 67 with the updated return under section 139(8A), the AO was directed to consider it for assessment. Regarding TDS credit disallowance, the matter was remanded to the AO to examine and allow TDS credit to the extent claimed in the return and supported by Form 26AS, as per statutory provisions. en-us Wed, 28 Aug 2024 00:00:00 +0530 Sat, 14 Sep 2024 08:24:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=758479 The ITAT Amritsar allowed the assessee's appeal regarding foreign tax credit denial. The tribunal held that Form No. 67 for claiming foreign tax credit need not be filed within the time limit under section 139(1), but must be submitted before completion of assessment proceedings. Since the assessee filed Form No. 67 with the updated return under section 139(8A), the AO was directed to consider it for assessment. Regarding TDS credit disallowance, the matter was remanded to the AO to examine and allow TDS credit to the extent claimed in the return and supported by Form 26AS, as per statutory provisions. Case-Laws Income Tax Wed, 28 Aug 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=758479