Delay in Filing Form 67 Alone Cannot Defeat Foreign Tax Credit Claim: Bengaluru ITAT

Pornprapha Pholdahan Vs ITO (ITAT Bangalore) Bengaluru ITAT: Delay in Filing Form 67 Alone Cannot Defeat Foreign Tax Credit Claim The Bengaluru ITAT held that foreign tax credit (FTC) cannot be denied merely because Form No. 67 was filed after the due date, where the assessee had claimed the credit in the original return of income. The assessee, a resident salaried individual, filed her return within the prescribed due date claiming foreign tax credit of ₹1.36 lakh under the applicable DTAA. However, Form No. 67 was filed subsequently, after the return had already been processed under sectio...