ITAT Allows Foreign Tax Credit as COVID Limitation Extension Covered Appeal Delay

Advertisement Ashish Agrawal Vs ITO (ITAT Hyderabad) The appeal before the Income Tax Appellate Tribunal (ITAT), Hyderabad, arose from the order of the Commissioner of Income Tax (Appeals), National Faceless Appeal Centre (NFAC), for the assessment year 2019-20. The principal issues were whether the delay of 710 days in filing the appeal before the CIT(A), the delay of 604 days in filing a rectification application under Section 154, and the denial of Foreign Tax Credit (FTC) of ₹1,94,384 were justified. The assessee, an Indian national employed with Emerson Electric Company (India) Priva...