FTC Cannot Be Denied If Form 67 Filed late but Before Assessment Completion

Advertisement Joel Eliah Pusanur Vs DCIT (ITAT Delhi) Foreign Tax Credit Allowed Despite Delay in Filing Form 67; ITAT: Delay in Filing Form 67 is Procedural, Not Fatal to FTC Claim; Form 67 Filed Late Still Valid – ITAT Delhi Allows FTC to Non-Resident Assessee Assessee, a non-resident, filed return declaring ₹1.28 crore & claimed foreign tax credit (FTC) of ₹12.38 lakh u/s 90/90A. CPC denied the claim as Form 67 was filed belatedly (on 19.04.2021) & raised tax demand. Rectification u/s 154 was rejected, & CIT(A) confirmed the disallowance. Before Tribunal, Assessee argue...