Rule 128(9) not provide for disallowance of FTC in case of delay in form 67 filing

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

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