https://www.taxtmi.com/caselaws?id=773263 ITAT Hyderabad allowed the assessee's appeal regarding denial of Foreign Tax Credit despite delayed filing of Form 67. The tribunal held that FTC cannot be denied solely due to delay in filing Form 67 beyond the due date for filing return of income under section 139(1). The decision followed precedent from an identical issue in another case, establishing that procedural delay in form submission does not warrant substantive denial of legitimate tax credit claims. en-us Thu, 27 Mar 2025 00:00:00 +0530 Fri, 20 Jun 2025 08:34:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=773263 ITAT Hyderabad allowed the assessee's appeal regarding denial of Foreign Tax Credit despite delayed filing of Form 67. The tribunal held that FTC cannot be denied solely due to delay in filing Form 67 beyond the due date for filing return of income under section 139(1). The decision followed precedent from an identical issue in another case, establishing that procedural delay in form submission does not warrant substantive denial of legitimate tax credit claims. Case-Laws Income Tax Thu, 27 Mar 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=773263