Delay in filling Form 67 doesn’t result in disallowance of Foreign Tax Credit under Rule 128(9) of Income Tax Rules: ITAT grants claim on FTS [Read Order]

By Sunayana Dhal - On August 25, 2023 5:30 pm - 2 mins read
Delay in filling Form 67 - disallowance of Foreign Tax Credit - filling Form 67 - Foreign Tax Credit -Income Tax - Income Tax Rules - ITAT grants claim on FTS - taxscan

The Jaipur bench of the Income Tax Appellate Tribunal (ITAT) held that the delay in filling Form 67 doesn’t result in disallowance of the Foreign Tax Credit (FTS) under Rule 128(9) of the Income Tax Rules, 1962. The assessee, Suresh Kumar Doodi, a salaried individual, e-filed his return of income declaring Rs.1,69,36,787/- as gross total…

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