https://www.taxtmi.com/caselaws?id=779613 Filing Form 67 after the due date for filing the return under section 139(1) was treated as a directory, not mandatory, requirement for claiming foreign tax credit. On that basis, late filing by itself was held insufficient to deny the credit. The Tribunal also noted that the factual position required fresh verification, so the matter was restored to the Assessing Officer for examination and consequential recomputation in accordance with law. The disallowance of foreign tax credit in rectification proceedings under section 154 was therefore not sustained on the stated ground. en-us Wed, 22 Jan 2025 00:00:00 +0530 Thu, 09 Oct 2025 08:54:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=779613 Filing Form 67 after the due date for filing the return under section 139(1) was treated as a directory, not mandatory, requirement for claiming foreign tax credit. On that basis, late filing by itself was held insufficient to deny the credit. The Tribunal also noted that the factual position required fresh verification, so the matter was restored to the Assessing Officer for examination and consequential recomputation in accordance with law. The disallowance of foreign tax credit in rectification proceedings under section 154 was therefore not sustained on the stated ground. Case-Laws Income Tax Wed, 22 Jan 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=779613