Income Tax 23 September 2026
ITAT Grants Credit Claim Relief After Missed Form 67
A taxpayer who paid ₹4.53 lakh tax in Belgium on income also taxable in India missed filing Form 67, prompting a demand notice. The Income Tax Appellate Tribunal (ITAT) has now ordered a fresh opportunity to claim foreign tax credit, relieving the taxpayer from double taxation and correcting the procedural lapse. The notice, dated November 12, was overturned, letting the taxpayer file Form 67 retrospectively to claim treaty credit.
- A demand notice issued on 12 Nov flagged the taxpayer’s failure to file Form 67 after paying ₹4.53 lakh tax in Belgium on income also taxable in India.
- The Income Tax Appellate Tribunal (ITAT) intervened, granting the taxpayer a fresh chance to claim the foreign tax credit under the India‑Belgium treaty.
- This decision prevents double taxation and corrects the procedural error, allowing retroactive filing of Form 67.
[Read the full story] (https://www.livemint.com/money/personal-finance/paid-4-53-lakh-tax-in-belgium-but-missed-form-67-in-india-itat-gives-taxpayer-another-chance-to-claim-credit-11790127299368.html)
Need help understanding this update?
Connect with our domain experts instantly via WhatsApp for customized legal guidance.