https://www.taxtmi.com/caselaws?id=768035 The ITAT Delhi ruled in favor of the assessee regarding foreign tax credit claims for state taxes paid in the United States under Section 91. The tribunal held that both federal and state taxes are treated equally for foreign tax credit purposes, following the Karnataka HC precedent in Wipro Ltd. The Revenue's contention was rejected, with the tribunal directing the AO to compute the credit accordingly. The assessee's appeal was allowed, establishing that state taxes qualify for foreign tax credit under the India-USA DTAA. en-us Wed, 26 Mar 2025 00:00:00 +0530 Sat, 29 Mar 2025 08:15:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=768035 The ITAT Delhi ruled in favor of the assessee regarding foreign tax credit claims for state taxes paid in the United States under Section 91. The tribunal held that both federal and state taxes are treated equally for foreign tax credit purposes, following the Karnataka HC precedent in Wipro Ltd. The Revenue's contention was rejected, with the tribunal directing the AO to compute the credit accordingly. The assessee's appeal was allowed, establishing that state taxes qualify for foreign tax credit under the India-USA DTAA. Case-Laws Income Tax Wed, 26 Mar 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=768035