ITAT Bangalore Allows Foreign Tax Credit Despite Delay in Form 67 – Non-filing Along with Return is Only a Technical Lapse

Sanjeev Sivasankaran Menon Vs DCIT (ITAT Bangalore) ITAT Bangalore Allows Foreign Tax Credit Despite Delay in Form 67 – Non-filing Along with Return is Only a Technical Lapse Assessee had paid tax in a foreign country & claimed Foreign Tax Credit (FTC) in his return for AY 2021-22. However, he failed to file Form 67 along with the return, & therefore CPC disallowed the claim in the intimation u/s 143(1). Later, Assessee filed Form 67 on 02.08.2022, & sought rectification, but CPC rejected it. CIT(A) also confirmed the disallowance on the ground that Form 67 was filed belatedly &a...