Foreign Tax Credit cannot be denied for Delay in Filing Form 67: ITAT Ahmedabad

Narendra Vishnubhai Mistry Vs ITO (ITAT Ahmedabad)

In the case of Narendra Vishnubhai Mistry vs. ITO, the Ahmedabad ITAT addressed whether procedural delays in filing Form 67 could bar a taxpayer from claiming Foreign Tax Credit (FTC). The assessee filed a return of income for AY 2021-22 and claimed FTC for taxes paid abroad. However, the claim was denied during processing under Section 143(1) of the Income Tax Act due to the late submission of Form 67, as required by Rule 128. The Assessing Officer rejected a rectification request citing procedural delays, and the CIT(A)

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