https://www.taxtmi.com/caselaws?id=458197 Belated filing of Form No. 67 was held not to justify automatic denial of foreign tax credit, because the filing requirement was treated as directory rather than mandatory where entitlement could be verified from supporting materials. The Tribunal noted that a coordinate bench had taken the same view in an identical factual setting and applied that approach to restore the matter to the Assessing Officer for verification and fresh decision in accordance with law. The foreign tax credit claim was therefore not rejected solely on the ground of delay, and the assessee obtained remand for reconsideration on merits. en-us Tue, 27 Feb 2024 00:00:00 +0530 Mon, 14 Oct 2024 18:41:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=458197 Belated filing of Form No. 67 was held not to justify automatic denial of foreign tax credit, because the filing requirement was treated as directory rather than mandatory where entitlement could be verified from supporting materials. The Tribunal noted that a coordinate bench had taken the same view in an identical factual setting and applied that approach to restore the matter to the Assessing Officer for verification and fresh decision in accordance with law. The foreign tax credit claim was therefore not rejected solely on the ground of delay, and the assessee obtained remand for reconsideration on merits. Case-Laws Income Tax Tue, 27 Feb 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=458197