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 submitted late, on January 30,...