https://www.taxtmi.com/caselaws?id=770166 Foreign Tax Credit under section 90 and the applicable treaty was treated as a substantive relief that cannot be denied solely because Form No. 67 was filed after the Rule 128(9) due date; the filing timeline was regarded as procedural and directory, so belated submission did not extinguish an otherwise admissible credit. The income-computation issue also required verification because the computation sheet did not match the assessed figures and the capital gains amount appeared inconsistent with the revised return. The matter was restored for verification and corresponding relief, with the FTC claim accepted in principle and the appeal allowed partly. en-us Mon, 05 May 2025 00:00:00 +0530 Tue, 12 May 2026 10:43:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=770166 Foreign Tax Credit under section 90 and the applicable treaty was treated as a substantive relief that cannot be denied solely because Form No. 67 was filed after the Rule 128(9) due date; the filing timeline was regarded as procedural and directory, so belated submission did not extinguish an otherwise admissible credit. The income-computation issue also required verification because the computation sheet did not match the assessed figures and the capital gains amount appeared inconsistent with the revised return. The matter was restored for verification and corresponding relief, with the FTC claim accepted in principle and the appeal allowed partly. Case-Laws Income Tax Mon, 05 May 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=770166