https://www.taxtmi.com/caselaws?id=767020 The ITAT Bangalore allowed the assessee's appeal regarding denial of foreign tax credit. The AO and CIT(A) had rejected the FTC claim because Form-67 was not filed by the due date under section 139(1). The assessee provided complete documentation including UK salary details, tax returns, and reconciliation sheets showing UK income was included in Indian taxable income. The ITAT held that Form-67 filing requirement is directory, not mandatory, and procedural lapses cannot deprive taxpayers of legitimate FTC claims. The tribunal set aside the CIT(A)'s order and directed the AO to allow the FTC after verification. en-us Wed, 05 Mar 2025 00:00:00 +0530 Sat, 08 Mar 2025 08:32:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=767020 The ITAT Bangalore allowed the assessee's appeal regarding denial of foreign tax credit. The AO and CIT(A) had rejected the FTC claim because Form-67 was not filed by the due date under section 139(1). The assessee provided complete documentation including UK salary details, tax returns, and reconciliation sheets showing UK income was included in Indian taxable income. The ITAT held that Form-67 filing requirement is directory, not mandatory, and procedural lapses cannot deprive taxpayers of legitimate FTC claims. The tribunal set aside the CIT(A)'s order and directed the AO to allow the FTC after verification. Case-Laws Income Tax Wed, 05 Mar 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=767020