https://www.taxtmi.com/caselaws?id=469410 Foreign Tax Credit could not be denied merely because Form No. 67 was filed after the due date under Rule 128(9) when it was furnished before completion of assessment. The Tribunal treated the filing timeline for Form No. 67 as directory, not mandatory, where the Assessing Officer still had the form available to consider the claim. Applying the construction favourable to the assessee where two views are possible, it held that the credit for taxes paid outside India remained allowable and the denial of Foreign Tax Credit was unsustainable. en-us Thu, 06 Mar 2025 00:00:00 +0530 Tue, 16 Jun 2026 21:37:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=469410 Foreign Tax Credit could not be denied merely because Form No. 67 was filed after the due date under Rule 128(9) when it was furnished before completion of assessment. The Tribunal treated the filing timeline for Form No. 67 as directory, not mandatory, where the Assessing Officer still had the form available to consider the claim. Applying the construction favourable to the assessee where two views are possible, it held that the credit for taxes paid outside India remained allowable and the denial of Foreign Tax Credit was unsustainable. Case-Laws Income Tax Thu, 06 Mar 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=469410