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        Case ID :
        Income Tax

        Foreign Tax Credit (‘FTC’) shall be allowed if evidence & undertaking furnished within 6 months of dispute settlement

        30 June, 2016

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        Rule - 128 - Foreign Tax Credit

        FTC benefit in respect of disputed tax shall be allowed, if the assessee within 6 months from the end of the month in which the dispute is finally settled, furnishes

        a.       evidence of settlement of dispute and

        b.      evidence to the effect that the liability for payment of such foreign tax has been discharged by him and

        undertaking that no refund in respect of such amount has directly or indirectly been claimed or shall be claimed.

        Foreign Tax Credit requires evidence of settlement, proof of payment and an undertaking within six months of dispute resolution. Foreign Tax Credit (FTC) is allowed for disputed foreign tax only if, within six months from the end of the month in which the dispute is finally settled, the assessee furnishes evidence of settlement, evidence that the tax liability has been discharged by the assessee, and an undertaking that no refund in respect of that amount has been or will be claimed.
                    Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
                      Provisions expressly mentioned in the judgment/order text.

                          Foreign Tax Credit requires evidence of settlement, proof of payment and an undertaking within six months of dispute resolution.

                          Foreign Tax Credit (FTC) is allowed for disputed foreign tax only if, within six months from the end of the month in which the dispute is finally settled, the assessee furnishes evidence of settlement, evidence that the tax liability has been discharged by the assessee, and an undertaking that no refund in respect of that amount has been or will be claimed.


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