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2023 (9) TMI 1209 - ITAT HYDERABADForeign tax credit claimed u/s 90/90A denied - Rejection of rectification application on the ground that Form No. 67 was not furnished before the due date as provided u/s 139(1) in compliance to Rule 128(9) - HELD THAT:- As decided in the case of Shri Baburao Atluri [2022 (12) TMI 525 - ITAT HYDERABAD] after considering various decisions, has allowed the foreign tax credit, although there was delay in filing of such Form 67 beyond the due date of filing of the return wherein as held that FTC cannot be denied to the assessee, where the assessee filed FTC in Form No. 67, although belatedly since filing of such Form 67 is not mandatory but directory in nature. Thus we direct the Assessing Officer to allow the foreign tax credit after due verification. Grounds raised by the assessee are accordingly allowed.
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