Foreign Tax Credit cannot be denied if Form 67 prescribed under Rule 128 of Income Tax Rules not filed

Sonakshi Sinha Vs CIT(A) (ITAT Mumbai) Conclusion: The ITAT observed that Foreign Tax Credit cannot be disallowed in case of not filing Form 67 prescribed under Rule 128 of Income Tax Rules, 1962. Thus, by this observation ITAT have not denied the substantive benefit in case of procedural lapse. Facts: The present appeal is filed by assessee against appellate order passed by National Faceless Appeal Centre (NFAC)[ learned CIT (A)] for assessment year 2018 – 19 on 27/4/2022 denying foreign tax credit of ₹ 2,921,327/-. Assessee is in individual who is an actor acting in films and provides se...