https://www.taxtmi.com/caselaws?id=764175 The court ruled that the Centralized Processing Center (CPC), Bangalore, was unjustified in denying the Foreign Tax Credit (FTC) due to the late filing of Form No.67. It determined that the requirement to file Form No.67 by the due date under section 139(1) of the Income Tax Act, 1961, is directory, not mandatory. Consequently, the court directed the CPC to amend the Intimation under section 143(1) to consider the FTC claim, allowing the appellant's claim despite the late filing. Other grounds of appeal were considered general and required no further adjudication. en-us Mon, 23 Dec 2024 00:00:00 +0530 Sat, 04 Jan 2025 08:44:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=764175 The court ruled that the Centralized Processing Center (CPC), Bangalore, was unjustified in denying the Foreign Tax Credit (FTC) due to the late filing of Form No.67. It determined that the requirement to file Form No.67 by the due date under section 139(1) of the Income Tax Act, 1961, is directory, not mandatory. Consequently, the court directed the CPC to amend the Intimation under section 143(1) to consider the FTC claim, allowing the appellant's claim despite the late filing. Other grounds of appeal were considered general and required no further adjudication. Case-Laws Income Tax Mon, 23 Dec 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=764175