Foreign Tax Credit Allowed as Delayed Form 67 Filing Is Procedural: ITAT Visakhapatnam

Advertisement Srikanth Atluri Vs ITO (ITAT Visakhapatnam) The Income Tax Appellate Tribunal (ITAT), Visakhapatnam, allowed the appeal of the assessee and directed the Assessing Officer (AO) to grant Foreign Tax Credit (FTC) under Section 90 of the Income-tax Act, 1961, despite the delayed filing of Form No. 67. The Tribunal also condoned a delay of 51 days in filing the appeal before it after finding that the assessee had demonstrated sufficient cause for the delay. The assessee, a non-resident individual employed in the United Kingdom, filed the return of income for Assessment Year 2021-22...