https://www.taxtmi.com/caselaws?id=762118 The Madras HC allowed a petitioner's claim for foreign tax credit despite delayed filing of Form-67. The petitioner, working in UK, filed returns for AY 2019-20 to 2021-22 showing foreign income but failed to upload Form-67 due to COVID-19 outbreak. The court held that filing Form-67 under Rule 128 is directory, not mandatory, citing precedent in Duraiswamy Kumaraswamy case. The court condoned the delay considering genuine reasons and set aside the impugned orders, emphasizing that Sections 90, 90A, and 91 aim to prevent double taxation burden. en-us Thu, 26 Sep 2024 00:00:00 +0530 Mon, 25 Nov 2024 08:45:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=762118 The Madras HC allowed a petitioner's claim for foreign tax credit despite delayed filing of Form-67. The petitioner, working in UK, filed returns for AY 2019-20 to 2021-22 showing foreign income but failed to upload Form-67 due to COVID-19 outbreak. The court held that filing Form-67 under Rule 128 is directory, not mandatory, citing precedent in Duraiswamy Kumaraswamy case. The court condoned the delay considering genuine reasons and set aside the impugned orders, emphasizing that Sections 90, 90A, and 91 aim to prevent double taxation burden. Case-Laws Income Tax Thu, 26 Sep 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=762118