Man denied double taxation benefit for tax on salary paid in Singapore as Form 67 not filed within due date; He files case in ITAT Delhi and wins case

An Indian taxpayer successfully challenged the tax department in the ITAT Delhi. The tribunal ruled that foreign investments made in daughters' names were adequately disclosed and justified by the taxpayer's income. Furthermore, the ITAT allowed foreign tax credit on Singapore salary, stating procedural delays in filing Form 67 should not deny relief. The revenue's appeal was dismissed.

from Tax-Wealth-Economic Times https://ift.tt/bj7o3ai