FTC Claim Cannot Be Denied for Late Submission as Form 67 Was Not Mandatory

Basavalinga Sadasivaiah Ajaikumar Vs ADIT (ITAT Bangalore)

Conclusion: Foreign Tax Credit (FTC) should not be denied just because of late filing of Form 67 as Form 67 was directory rule, not mandatory under Rule 128.

Held: Assessee filed his original income tax return on 31-08-2019 and revised th

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