27 February 2014
An assessee a salaried person also derives income from consultation and professional fees. A profit & loss account was prepared in which all his income received for consultation and professional fees plus interest on saving bank account less the expenses was made. while filing the return specific mention of interest was also been done. the asessee had claimed deduction of 10000 under 80TTA against the interst income, now the assessee has recieved initmation u/s. 143(1) disallowing the deduction under sec 80tta, wen called the CPC processing centre for the reason they said that the same will be resolved and no need to go for rectification. Till yet nothing is being done. now is there any option as to how to proceed as refund is now in payable because of disallowance