Deciding two connected writ petitions arising from a common Industrial Tribunal Award, the Delhi High Court set aside the Tribunal's direction granting hotel workmen a further…
Labour Laws
06/09/20264 min read
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Informative
Non-Furnishing of Form No.67 before Due Date u/s 139(1) not Fatal to Claim Foreign Tax Credit: ITAT
Income TaxInternational Taxation
The ITAT held that delay in furnishing Form No. 67, required to claim Foreign Tax Credit (FTC) under Section 139(1), does not invalidate the claim if the substantive conditions are met. It emphasised a liberal interpretation to avoid denying genuine relief due to procedural lapses. The judgment benefits taxpayers with cross-border income who face filing challenges, reinforcing that procedural requirements should not override substantive rights. (Word count: ~104)
