ITAT Kolkata Allows Foreign Tax Credit Despite Late Filing of Form 67

Swapan Bhttacharya Vs ACIT (ITAT Kolkata) In Swapan Bhattacharya Vs ACIT, the ITAT Kolkata partly allowed the appeal of the assessee and directed grant of Foreign Tax Credit (FTC) in respect of taxes paid in the United States despite delayed filing of Form No. 67. The Tribunal also directed verification of an alleged computation error in the assessment order. The assessee challenged the order of the CIT(A), which had upheld disallowance of FTC amounting to Rs.2,07,098/- claimed under Section 90 of the Income Tax Act in respect of taxes withheld or paid in the USA on salary income earned there....