https://www.taxtmi.com/caselaws?id=762978 ITAT Kolkata allowed assessee's appeal regarding denial of foreign tax credit despite delay in filing Form No. 67. The tribunal relied on DTAA provisions and judicial precedent in Anindya Sarka case, finding no justification for disallowing FTC. Orders of CIT(A) and AO denying foreign tax credit claimed in revised return were set aside. Assessee was held entitled to FTC and additional interest levy was also set aside. en-us Thu, 05 Dec 2024 00:00:00 +0530 Tue, 10 Dec 2024 09:20:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=762978 ITAT Kolkata allowed assessee's appeal regarding denial of foreign tax credit despite delay in filing Form No. 67. The tribunal relied on DTAA provisions and judicial precedent in Anindya Sarka case, finding no justification for disallowing FTC. Orders of CIT(A) and AO denying foreign tax credit claimed in revised return were set aside. Assessee was held entitled to FTC and additional interest levy was also set aside. Case-Laws Income Tax Thu, 05 Dec 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=762978