Foreign Tax Credit Cannot Be Rejected as Late Form 67 Filing Does Not Bar Relief: ITAT Surat

Kamleshkumar Rameshbhai Gandhi Vs DCIT (ITAT Surat) The Income Tax Appellate Tribunal (ITAT), Surat Bench, allowed the assessee’s appeal and held that Foreign Tax Credit (FTC) cannot be denied merely because Form No. 67 was filed after the due date prescribed under Section 139(1) of the Income-tax Act. The case concerned an individual employed with Shell Energy Pvt. Ltd. who was on a long-term international assignment in Iraq. For Assessment Year 2019-20, the assessee filed the original return on 30 August 2019 and subsequently filed a revised return on 16 April 2020 along with Form No. 67 c...