https://www.taxtmi.com/caselaws?id=768942 The ITAT ruled that Rule 128's filing requirement for Form No. 67 is directory, not mandatory. Despite belated submission, the tribunal allowed the Foreign Tax Credit (FTC) claim under Sections 90/91 of the Income Tax Act. The decision emphasizes that procedural requirements should not obstruct substantive rights, particularly when the claim's merit is uncontested. The Revenue's appeal was dismissed, upholding the CIT(A)'s original decision. en-us Fri, 04 Apr 2025 00:00:00 +0530 Wed, 16 Apr 2025 08:38:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=768942 The ITAT ruled that Rule 128's filing requirement for Form No. 67 is directory, not mandatory. Despite belated submission, the tribunal allowed the Foreign Tax Credit (FTC) claim under Sections 90/91 of the Income Tax Act. The decision emphasizes that procedural requirements should not obstruct substantive rights, particularly when the claim's merit is uncontested. The Revenue's appeal was dismissed, upholding the CIT(A)'s original decision. Case-Laws Income Tax Fri, 04 Apr 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=768942