Late Form 67 Filing Not a Bar to FTC – Rs. 110 Cr Relief Upheld by Tribunal

Kumar Gaurav Sharma Vs ITO (ITAT Pune) FTC Cannot Be Denied for Delay in Form 67: Directory, Not Mandatory- Form 67 Filed Before 143(1) Processing — Pune ITAT Orders FTC Allowance Pune Tribunal dealt with denial of FTC of Rs.8,57,902 by CPC on ground that Form 67 was filed after due date u/s 139(1). Assessee, employed with Amazon India & later Amazon USA, offered global salary to tax & filed Form 67 on 26.02.2020, before filing ROI on 20.03.2020. AO processed return u/s 143(1) on 25.02.2021 but denied FTC citing late Form 67; rectification u/s 154 was also rejected. Addl./JCIT(A) uph...