2024 (4) TMI 1227

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....R MANOJ KUMAR AGGARWAL (ACCOUNTANT MEMBER) 1. Aforesaid appeal by Revenue for Assessment Year (AY) 2021-22 arises out of an order passed by learned Commissioner of Income Tax (Appeals), National Faceless Appeal Centre (NFAC), Delhi [CIT(A)] on 16-10-2023 in the matter of rectification order passed by CPC u/s 154 of the act on 23-08-2022. The grounds raised by the Revenue read as under: 1. The ....

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....eved by grant of foreign tax credit (FTC) despite the fact that Form No. 67 was not filed by the assessee within due date of filing of return of income. Having heard rival submissions, our adjudication would be as under. 2. The assessee filed return of income on 09.09.2021 and claimed relief u/s 90 for Rs. 1.51 Lacs. The return was processed by CPC u/s 143(1) on 05.07.2022 wherein this credit was....