https://www.taxtmi.com/caselaws?id=470632 Foreign tax credit cannot be denied solely because Form 67 was furnished after the prescribed due date, as Rule 128(9) treats the filing requirement as procedural and directory and does not prescribe disallowance for delay. Where Form 67 lacks the foreign tax credit amount or adequate verification material, the claim should not be rejected without giving the taxpayer a reasonable opportunity to rectify deficiencies and provide supporting particulars. Entitlement to, and the quantum of, foreign tax credit remains subject to fresh verification after the requisite information is furnished. en-us Tue, 25 Mar 2025 00:00:00 +0530 Sat, 01 Aug 2026 19:57:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=470632 Foreign tax credit cannot be denied solely because Form 67 was furnished after the prescribed due date, as Rule 128(9) treats the filing requirement as procedural and directory and does not prescribe disallowance for delay. Where Form 67 lacks the foreign tax credit amount or adequate verification material, the claim should not be rejected without giving the taxpayer a reasonable opportunity to rectify deficiencies and provide supporting particulars. Entitlement to, and the quantum of, foreign tax credit remains subject to fresh verification after the requisite information is furnished. Case-Laws Income Tax Tue, 25 Mar 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=470632