Foreign Tax Credit cannot be denied for delay in furnishing of Form No. 67

Shashidhar Seetharam Sharma Vs ITO (ITAT Bangalore) ITAT Bangalore held that rule 128(9) of the Income Tax Rules doesn’t provide for disallowance of Foreign Tax Credit in case of delay in filing of Form No. 67 and Filing of Form No. 67 is not mandatory, hence Foreign Tax Credit cannot be denied for delay in furnishing of Form No. 67. Facts- The income from other sources included dividend income of Rs.4.77,500 received from a Denmark Company. On this dividend received from Denmark. TDS of Rs.1,28.925 was deducted @ 27%. The appellant did not claim this TDS of Rs.1,28,925 in the return filed u...