ITAT Kolkata Allows Foreign Tax Credit as Delay in Filing Form 67 Is Procedural

Jaspal Singh Bindra Vs DCIT (ITAT Kolkata) In Jaspal Singh Bindra Vs DCIT, the ITAT Kolkata allowed the appeal of the assessee and directed grant of Foreign Tax Credit (FTC) under Section 90 of the Income Tax Act despite delay in filing Form No. 67. The assessee challenged the order of the CIT(A), Kolkata-22, which had upheld denial of FTC amounting to Rs.34,09,987/- claimed in respect of taxes paid in the United Kingdom on pension income earned there. The assessee, being a resident of India, had offered pension income of Rs.1,70,49,933/- earned in the UK to tax in India and claimed FTC under ...