https://www.taxtmi.com/caselaws?id=767531 The ITAT Bangalore allowed the assessee's appeal regarding disallowance of foreign tax credit for taxes paid in Norway. The AO had disallowed the credit because Form 67 was not filed within the statutory time limit. The ITAT held that filing Form 67 is directory, not mandatory, and the assessee cannot be denied foreign tax credit due to procedural lapse when the revised return with Form 67 was filed before assessment completion. en-us Tue, 28 Jan 2025 00:00:00 +0530 Thu, 20 Mar 2025 08:21:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=767531 The ITAT Bangalore allowed the assessee's appeal regarding disallowance of foreign tax credit for taxes paid in Norway. The AO had disallowed the credit because Form 67 was not filed within the statutory time limit. The ITAT held that filing Form 67 is directory, not mandatory, and the assessee cannot be denied foreign tax credit due to procedural lapse when the revised return with Form 67 was filed before assessment completion. Case-Laws Income Tax Tue, 28 Jan 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=767531