https://www.taxtmi.com/caselaws?id=763273 ITAT Bangalore allowed the assessee's appeal regarding denial of Foreign Tax Credit due to late filing of Form No. 67. The Tribunal held that Rule 128(9) does not provide for disallowance of FTC for delayed filing, Form No. 67 is directory not mandatory, and DTAA provisions override domestic rules. Non-furnishing of Form No. 67 before the due date under Section 139(1) is not fatal to FTC claim. Matter remitted to AO to allow foreign tax credit as per Form 67 filed by assessee. en-us Wed, 31 Jul 2024 00:00:00 +0530 Sat, 14 Dec 2024 12:51:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=763273 ITAT Bangalore allowed the assessee's appeal regarding denial of Foreign Tax Credit due to late filing of Form No. 67. The Tribunal held that Rule 128(9) does not provide for disallowance of FTC for delayed filing, Form No. 67 is directory not mandatory, and DTAA provisions override domestic rules. Non-furnishing of Form No. 67 before the due date under Section 139(1) is not fatal to FTC claim. Matter remitted to AO to allow foreign tax credit as per Form 67 filed by assessee. Case-Laws Income Tax Wed, 31 Jul 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=763273