Foreign Tax Credit: Filing of Form No. 67 is not mandatory but directory

Anuj Bhagwati Vs DCIT (ITAT Mumbai) The assessee has raised the grounds of appeal challenging the action of the assessee officer which was confirmed by the CIT(A) in respect of the denial of foreign tax credit (FTC) as the assessee has filed the Form No. 67 beyond the due date and after completion of the Assessment. Whereas, the assessee has filed Form No 67 online on the portal of the Income Tax Department on 19.01.2021 in order to comply with Rule 128 of Income Tax Rules. The CIT(A) has considered the fact of filing Form No.67 and is of the opinion that it is a mandatory requirement as per t...