https://www.taxtmi.com/caselaws?id=766493 The ITAT Lucknow allowed the appeal regarding denial of Foreign Tax Credit under the India-Denmark DTAA. The AO had rejected the FTC claim solely because Form 67 was filed after the return filing date under section 139(1). The ITAT held that the lower authorities failed to verify whether the assessee had actually claimed tax relief in Denmark for the same income taxed in India. The matter was remanded to the AO with directions to verify the tax payment in Denmark and whether any credit was claimed there before deciding the FTC eligibility under the DTAA provisions. en-us Mon, 24 Feb 2025 00:00:00 +0530 Wed, 26 Feb 2025 08:17:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=766493 The ITAT Lucknow allowed the appeal regarding denial of Foreign Tax Credit under the India-Denmark DTAA. The AO had rejected the FTC claim solely because Form 67 was filed after the return filing date under section 139(1). The ITAT held that the lower authorities failed to verify whether the assessee had actually claimed tax relief in Denmark for the same income taxed in India. The matter was remanded to the AO with directions to verify the tax payment in Denmark and whether any credit was claimed there before deciding the FTC eligibility under the DTAA provisions. Case-Laws Income Tax Mon, 24 Feb 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=766493