https://www.taxtmi.com/caselaws?id=774113 ITAT Hyderabad allowed the assessee's appeal regarding rejection of Foreign Tax Credit claim. The CIT(A) had rejected the FTC claim because the assessee failed to file Form 67 within the prescribed due date under Rule 128(9). However, ITAT held that since Form 67 was filed before the AO passed the assessment order under section 143(3), the credit should have been allowed despite belated filing. The tribunal relied on precedent establishing that FTC cannot be denied solely due to delay in filing Form 67, emphasizing substance over procedural timing requirements. en-us Mon, 30 Jun 2025 00:00:00 +0530 Thu, 03 Jul 2025 08:34:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=774113 ITAT Hyderabad allowed the assessee's appeal regarding rejection of Foreign Tax Credit claim. The CIT(A) had rejected the FTC claim because the assessee failed to file Form 67 within the prescribed due date under Rule 128(9). However, ITAT held that since Form 67 was filed before the AO passed the assessment order under section 143(3), the credit should have been allowed despite belated filing. The tribunal relied on precedent establishing that FTC cannot be denied solely due to delay in filing Form 67, emphasizing substance over procedural timing requirements. Case-Laws Income Tax Mon, 30 Jun 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=774113