Foreign tax credit cannot be denied for mere delay in filing of Form No. 67: ITAT Kolkata

Vivek Tiwari Vs ACIT (ITAT Kolkata) ITAT Kolkata held that filing of Form No. 67 is directory and no mandatory and the credit for foreign taxes cannot be denied for mere delay in filing the Form No. 67. Accordingly, appeal of the assessee allowed. Facts- The assessee is an individual and was employed with M/s. Microsoft India (R&D) Pvt. Ltd. during AY 2020-21. He was working in India and USA during AY 2020-21 and had received salary in India and USA. Since the assessee was a ‘Resident’ for the purpose of the Income Tax Act, 1961, his global income was taxable in India. He filed...