https://www.taxtmi.com/caselaws?id=775950 ITAT Hyderabad held that denial of foreign tax credit (FTC) solely due to delay in filing Form 67 is not justified when the assessee filed a revised return declaring foreign salary income and claimed FTC accordingly. The tribunal noted the amendment to Rule 128(9) of the I.T. Rules effective 1/4/2022, permitting submission of Form 67 by the end of the relevant assessment year if the return is filed within the prescribed time under section 139(1) or (4). The appeal by the assessee was allowed, affirming the grant of FTC despite the initial delay in Form 67 filing. en-us Wed, 30 Jul 2025 00:00:00 +0530 Sat, 02 Aug 2025 07:24:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=775950 ITAT Hyderabad held that denial of foreign tax credit (FTC) solely due to delay in filing Form 67 is not justified when the assessee filed a revised return declaring foreign salary income and claimed FTC accordingly. The tribunal noted the amendment to Rule 128(9) of the I.T. Rules effective 1/4/2022, permitting submission of Form 67 by the end of the relevant assessment year if the return is filed within the prescribed time under section 139(1) or (4). The appeal by the assessee was allowed, affirming the grant of FTC despite the initial delay in Form 67 filing. Case-Laws Income Tax Wed, 30 Jul 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=775950