ITAT Chennai directed CIT(A) to allow FTC after verifying late-filed Form 67

Satishkumar Ekambaram Vs ITO (ITAT Chennai)

The case of Satishkumar Ekambaram Vs ITO before the ITAT Chennai involved an appeal concerning the allowance of Foreign Tax Credit (FTC) for the Assessment Years (AY) 2018-19 and 2019-20. The issue centered on the denial of FTC claimed by the assessee due to the late filing of Form 67, a mandatory document for claiming FTC under Section 90 of the Income Tax Act. For AY 2018-19, the assessee initially filed a return without claiming FTC of ₹9.59 lakhs, but later filed a revised return along with Form 67. However, the Centralized

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