Gurcharan Singh v. ITO - Taxpublishers.in

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REFERRED Rohan Hattangadi v. CIT(A) 2023 TaxPub(DT) 710 (Mum-Trib)

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The Tax Publishers2024 TaxPub(DT) 1743 (Del-Trib) IN THE ITAT DELHI BENCH SHAMIM YAHYA, ACCOUNTANT MEMBER Gurcharan Singh v. ITO ITA No. 380/Del/2024 4 April, 2024 Assessee by: Dr. Rakesh Gupta, Advocate, Shri Somil Aggarwal, Advocate Revenue by: Om Prakash, Sr. DR ORDER This appeal by the assessee is directed against the orders of the ld. Addl.CIT/JCIT (A)-5, Chennai dated 24-1-2024 for the assessment year 2020-21. 2. The sole issue in this case is denial of Foreign Tax Credit (FTC) of Rs. 6,20,920 by the CPC while processing the ITR filed by the assessee under section 143 (1) of Income-tax Act, 1961 (for short the Act) resulting in a tax demand of Rs. 7,96,410 and the reason being Form 67 was not filed along with the ITR before the time limit under section 139 (1) of the Act but was submitted only on 30.10.2023 which is subsequent to the issue of notice under section 250 on 18.10.2023. SUBSCRIBE FOR FULL CONTENT

The Tax Publishers2024 TaxPub(DT) 1743 (Del-Trib)

IN THE ITAT DELHI BENCH

SHAMIM YAHYA, ACCOUNTANT MEMBER

Gurcharan Singh v. ITO

ITA No. 380/Del/2024

4 April, 2024

Assessee by: Dr. Rakesh Gupta, Advocate, Shri Somil Aggarwal, Advocate

Revenue by: Om Prakash, Sr. DR

ORDER

This appeal by the assessee is directed against the orders of the ld. Addl.CIT/JCIT (A)-5, Chennai dated 24-1-2024 for the assessment year 2020-21.

2. The sole issue in this case is denial of Foreign Tax Credit (FTC) of Rs. 6,20,920 by the CPC while processing the ITR filed by the assessee under section 143 (1) of Income-tax Act, 1961 (for short the Act) resulting in a tax demand of Rs. 7,96,410 and the reason being Form 67 was not filed along with the ITR before the time limit under section 139 (1) of the Act but was submitted only on 30.10.2023 which is subsequent to the issue of notice under section 250 on 18.10.2023.