Case Law Details
Rameshwar Prasad Shrivastava Vs ITO (ITAT Delhi)
In the case of Rameshwar Prasad Shrivastava vs. ITO (Income Tax Appellate Tribunal, Delhi), the central issue revolved around the disallowance of foreign tax credit (FTC) by the Centralized Processing Centre (CPC) due to the assessee’s failure to file Form 67 along with the income tax return (ITR) within the prescribed time. This appeal for the Assessment Year 2020-21 challenged the order of the ld. CIT(A) at the National Faceless Appeal Centre, Delhi, dated 27th April 2023, which upheld the disallowance.
Factual Background:
The assessee, in this case, had filed the income tax return declaring a total income of Rs. 42,25,040/-. However, the CPC disallowed the claim of FTC amounting to Rs. 28,02,692/- on the grounds that Form 67, necessary for claiming FTC against salary income earned in Japan, was not filed along with the ITR within the due date. The CPC’s decision was later upheld by the CIT(A), leading to the present appeal before the ITAT.
Grounds of Appeal:
Please become a Premium member. If you are already a Premium member, login here to access the full content.
Author Bio
