https://www.taxtmi.com/caselaws?id=775766 ITAT allowed the appeal and directed the CIT(A) to grant the claimed foreign tax credit after verifying Form No.67. The tribunal held that the requirement to file Form 67 with the return under Rule 128 is directory, not mandatory, and filing it before completion of assessment satisfies the condition for FTC. The tribunal applied the principle that Rule 128 implements the Act and is directory in nature, therefore denial of FTC for late filing of Form 67 was set aside. en-us Wed, 04 Jun 2025 00:00:00 +0530 Thu, 04 Sep 2025 10:30:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=775766 ITAT allowed the appeal and directed the CIT(A) to grant the claimed foreign tax credit after verifying Form No.67. The tribunal held that the requirement to file Form 67 with the return under Rule 128 is directory, not mandatory, and filing it before completion of assessment satisfies the condition for FTC. The tribunal applied the principle that Rule 128 implements the Act and is directory in nature, therefore denial of FTC for late filing of Form 67 was set aside. Case-Laws Income Tax Wed, 04 Jun 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=775766