FTC Eligibility Upheld: ITAT Confirms Form 67 Due Date Amendment

Vijayaraghavan Sundararaman Vs ITO (ITAT Bangalore) Form 67 filed in time – yet two CIT(A)s couldn’t agree!- ITAT steps in to restore foreign tax peace- ITAT Bangalore directs AO to grant Foreign Tax Credit – Conflicting CIT(A) orders resolved in favour of Assessee Assessee, an individual, filed return for AY 2022-23 claiming foreign tax credit (FTC) of ₹54,093 u/s 90A in respect of tax paid in the UK. CPC while processing the return u/s 143(1) denied the claim. A rectification petition u/s 154 was also rejected on the same ground. Two separate appeals were thereafter filed before CIT(...