Rule 128(9) Does Not Bar FTC Claims Due to Delayed Form 67 Filing: ITAT Kolkata

Jaspal Singh Bindra Vs DCIT (ITAT Kolkata)

ITAT Kolkata Ruling on Foreign Tax Credit: Jaspal Singh Bindra vs. DCIT: The Income Tax Appellate Tribunal (ITAT) Kolkata ruled in favor of Jaspal Singh Bindra, directing the Assessing Officer (AO) to allow his Foreign Tax Credit (FTC) claim of ₹34,09,987 under Section 90 of the Income Tax Act. Bindra, an Indian resident, had declared pension income of ₹1,70,49,933 from the UK in his return filed on October 31, 2022. However, the Centralized Processing Center (CPC), Bengaluru, denied his FTC claim because Form 67 was s

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