https://www.taxtmi.com/caselaws?id=769942 HC allowed the petition regarding denial of foreign tax credit. Petitioner timely filed income tax return disclosing foreign income and claiming foreign tax credit, but failed to submit Form 67 simultaneously. Tax authorities rejected the credit claim due to delayed Form 67 filing. Court held that delay in filing Form 67 constituted only procedural lapse, noting Rule 128 is directory rather than mandatory. HC condoned the delay and allowed foreign tax credit claim subject to payment of Rs. 10,000 costs to specified medical institution. en-us Fri, 04 Apr 2025 00:00:00 +0530 Mon, 13 Apr 2026 11:11:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=769942 HC allowed the petition regarding denial of foreign tax credit. Petitioner timely filed income tax return disclosing foreign income and claiming foreign tax credit, but failed to submit Form 67 simultaneously. Tax authorities rejected the credit claim due to delayed Form 67 filing. Court held that delay in filing Form 67 constituted only procedural lapse, noting Rule 128 is directory rather than mandatory. HC condoned the delay and allowed foreign tax credit claim subject to payment of Rs. 10,000 costs to specified medical institution. Case-Laws Income Tax Fri, 04 Apr 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=769942