Form 67 Filing Not Mandatory for FTC Claims: ITAT Delhi

Manoj Kumar Srivastava Vs ACIT (ITAT Delhi) In a recent ruling, the Income Tax Appellate Tribunal (ITAT) Delhi held that the filing of Form 67 is not mandatory for claiming Foreign Tax Credit (FTC). The case, Manoj Kumar Srivastava Vs Assistant Commissioner of Income Tax (ACIT), revolved around the procedural aspects of claiming FTC for taxes paid in the United States on salary income. The Tribunal ruled in favor of the assessee, asserting that procedural violations, such as late filing of Form 67, should not prevent the right to claim FTC. Case Background The appeal was filed by the assessee ...