ITAT Hyderabad Allows Foreign Tax Credit as Delayed Form 67 Filing Is Only Directory

Advertisement CES Limited Vs DCIT (ITAT Hyderabad) The Income Tax Appellate Tribunal (ITAT), Hyderabad, allowed the assessee’s appeal against the order of the Commissioner of Income Tax (Appeals), National Faceless Appeal Centre (NFAC), relating to Assessment Year 2020-21. The dispute concerned the disallowance of Foreign Tax Credit (FTC) of ₹64,39,196 claimed under Section 90 of the Income-tax Act on the ground that Form No. 67 had not been filed within the due date prescribed under Section 139(1). The assessee, a company engaged in the business of Information Technology and Informatio...