https://www.taxtmi.com/caselaws?id=770550 The ITAT Bangalore allowed the assessee's appeal regarding denial of Foreign Tax Credit. The assessee had filed Form 67 after the due date for filing return of income under section 139(1) but before the due date for revised return. The ITAT held that since Form 67 was available to CPC prior to processing and aligned with retrospective amendment in Rule 128(9) of IT Rules, denial of FTC was unjustified. The AO was directed to grant foreign tax credit after verification of Form 67 filed on 23.7.2020. en-us Thu, 08 May 2025 00:00:00 +0530 Tue, 13 May 2025 09:17:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=770550 The ITAT Bangalore allowed the assessee's appeal regarding denial of Foreign Tax Credit. The assessee had filed Form 67 after the due date for filing return of income under section 139(1) but before the due date for revised return. The ITAT held that since Form 67 was available to CPC prior to processing and aligned with retrospective amendment in Rule 128(9) of IT Rules, denial of FTC was unjustified. The AO was directed to grant foreign tax credit after verification of Form 67 filed on 23.7.2020. Case-Laws Income Tax Thu, 08 May 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=770550