ITAT Orders Re-Examination of FTC Denial Due to Form 67 Mistake

John Deere India Pvt. Ltd. Vs DCIT (ITAT Pune)

FTC Lost Due to Wrong Column in Form 67: ITAT Restores Entire Claim for Re-Verification-Clerical Error Should Not Cost ₹1.03 Cr—Tribunal Sends FTC Matter Back to AO

Assessee filed return on 27.11.2023 declaring income of ₹13,84,91,15,667, claiming Foreign Tax Credit (FTC) of ₹8,06,67,574 u/s 90 & ₹2,46,31,826 u/s 91. CPC, while processing u/s 143(1), allowed full FTC u/s 90 but restricted FTC u/s 91 to ₹1,42,39,456, thereby disallowing ₹1,03,92

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