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TMI Blog2023 (6) TMI 1387X X X X Extracts X X X X X X X X Extracts X X X X ..... n tax credit certificate - In our considered opinion filing of form 67 is a procedural / directory requirement and is not a mandatory requirement. Therefore, violation of procedural norms does not extinguish the substantive right of claiming the credit of FTC. We accordingly direct the AO to allow the credit of FTC and hold that rule 128(9) of the Rules does not provide for disallowance FTC in cas ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... . Briefly stated the facts of the case are that the assessee being an individual Indian citizen filed his return of income on his global income that was taxable in India. The return of income was filed on 10.08.2019 declaring total income of Rs.165854280/- which included income earned in USA and claimed foreign tax credit of Rs.18,87,114/- u/s. 90 of the Act. The return was processed u/s. 143(1) o ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... isputed fact is that the assessee holds a foreign tax credit certificate for Rs.1887114/-. In our considered opinion filing of form 67 is a procedural / directory requirement and is not a mandatory requirement. Therefore, violation of procedural norms does not extinguish the substantive right of claiming the credit of FTC. We accordingly direct the AO to allow the credit of FTC and hold that rule ..... X X X X Extracts X X X X X X X X Extracts X X X X
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