Foreign Tax Credit Cannot Be Denied Merely for Delay in Filing Form 67: ITAT Pune

Hemant Ramchandra Pawar Vs DCIT (ITAT Pune) Pune ITAT: Foreign Tax Credit Cannot Be Denied Merely for Delay in Filing Form 67 The Pune ITAT held that Foreign Tax Credit (FTC) is a substantive right available under the Act and the applicable DTAA, and therefore cannot be denied merely because Form 67 was filed belatedly. The Tribunal directed the Assessing Officer to verify the claim and grant the eligible FTC. The assessee, an employee of Tech Mahindra, was deputed to Denmark during AY 2019-20 and earned salary income there. The foreign salary was duly offered to tax in India and the assessee ...