https://www.taxtmi.com/caselaws?id=774058 The Tribunal allowed the appeal and directed the AO to grant Foreign Tax Credit claimed by the assessee. The case involved denial of FTC due to late filing of Form 67 after the return filing date but before the assessment year end. The Tribunal held that amended Rule 128(9) effective from AY 2022-23 permits filing Form 67 until the end of the relevant assessment year (31/03/2023), not just the return due date. Since the assessee filed Form 67 on 15/12/2022, well within the extended timeline, the denial was unjustified. The lower authorities erred by applying the pre-amended rule instead of the applicable amended provision. en-us Mon, 30 Jun 2025 00:00:00 +0530 Wed, 02 Jul 2025 08:42:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=774058 The Tribunal allowed the appeal and directed the AO to grant Foreign Tax Credit claimed by the assessee. The case involved denial of FTC due to late filing of Form 67 after the return filing date but before the assessment year end. The Tribunal held that amended Rule 128(9) effective from AY 2022-23 permits filing Form 67 until the end of the relevant assessment year (31/03/2023), not just the return due date. Since the assessee filed Form 67 on 15/12/2022, well within the extended timeline, the denial was unjustified. The lower authorities erred by applying the pre-amended rule instead of the applicable amended provision. Case-Laws Income Tax Mon, 30 Jun 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=774058