Home Case Index All Cases Income Tax Income Tax + AT Income Tax - 2024 (1) TMI AT This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2024 (1) TMI 598 - AT - Income TaxForeign tax credit - claim denied as assessee failed to file Form No. 67 within the prescribed time as per Rule 128 of the Income Tax Rules, 1963 - Assessee furnished copies of Form 67 belatedly and sought remand of the case to the AO for reconsideration of the claims of the assessee - HELD THAT:- It is our considered opinion that the AO should consider the claims of the assessee for FTC afresh. Accordingly, we set aside the order of the ld. CIT(A) dated 07-07-2023 as well as the AO, CPC’s order dated 08-04-2020 and direct the AO, CPC to consider the case of the assessee afresh after providing reasonable opportunity of being heard to the assessee. At the same time, we direct the assessee to substantiate his claims before the AO, CPC. Assessee appeal allowed for stattistical purposes.
|