ITAT allows Foreign Tax Credit despite Delayed Filing of Form No. 67, Rules Income Tax Rule 128(9) Directory, not Mandatory [Read Order]

Recognizing Rule 128(9) are directory and cannot override the provision u/s 90, ITAT allowed FTC despite delayed filing
By Kavi Priya - On September 2, 2024 1:54 pm - 2 mins read
ITAT - ITAT Delhi - Foreign Tax Credit - Foreign Tax Credit Filing - Foreign Tax Credit Delayed Filing - ITAT Foreign Tax Credit - taxscan

The New Delhi Bench of Income Tax Appellate Tribunal ( ITAT ) allowed foreign tax credit despite the delay in filing Form No. 67 and ruled that Rule 128(9) under Income Tax Rule, 1962 is a directory and cannot be considered mandatory. Avik Anup Prabhu, the assessee filed his income tax for the assessment year…

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