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Rs 1.5 crore tax refund withheld by Income Tax Dept due to mismatch between ITR and Form 26AS; taxpayer files case, wins in High Court

On October 8, 2025, the Allahabad High Court said that taxpayers should not be left at the mercy of an Income Tax Assessing Officer (AO) who chooses to delay the payment of genuine refunds. The ...
Tax Guru

ITAT Bangalore Allows Foreign Tax Credit Despite Delay in Form 67 – Non-filing Along with Return is Only a Technical Lapse

ITAT Bangalore Allows Foreign Tax Credit Despite Delay in Form 67 – Non-filing Along with Return is Only a Technical Lapse Assessee had paid tax in a foreign country & claimed Foreign Tax Credit (FTC) ...