Foreign Tax Credit cannot be Denied if Form 67 Prescribed under Rule 128 of Income Tax Rules not Filed but filed before Completion of Assessment: ITAT [Read Order]

By Fathima Karama A.M - On September 7, 2023 1:30 pm - 2 mins read
Foreign -Tax- Credit - Denied - Rule -128 - Income- Tax - Filed - filed - Completion - Assessment-ITAT-TAXSCAN

The Mumbai Bench of Income Tax Appellate Tribunal (ITAT) has held that the foreign Tax Credit (FTC) could not be denied if form no.67 prescribed under rule 128 of the Income Tax Rules were not filed before the completion of the assessment. The Appellant,Yogesh Dnyandeo Kinage was an individual resident. During the previous year relevant…

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