Neutral impactEconomy
Paid ₹4.53 lakh tax in Belgium but missed Form 67 in India? ITAT gives taxpayer another chance to claim credit
Mint 53 min ago·23 Sept 2026, 1:45 am
The Income Tax Appellate Tribunal (ITAT) has ruled that a taxpayer cannot be denied a foreign tax credit simply because they failed to file the required Form 67 on time. This decision is significant as it protects investors who have genuinely paid taxes abroad but missed the procedural deadline in India.
The case involved a taxpayer who earned income in Belgium and paid ₹4.53 lakh in taxes there. Despite a delay of over four years in filing the claim, the tribunal allowed the taxpayer to prove their credit. This ruling signals that tax authorities cannot use procedural lapses to block legitimate foreign tax credits.
For investors, this is a positive development. It suggests that the tax department is willing to consider genuine claims if the underlying facts are proven. Investors with similar foreign tax payments should ensure their documentation is in order to avoid losing out on these deductions.
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- Category: Economy.
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