[Resolved]  Airtel — NOT GETTING MY IT REFUND FOR ASSESSMENT YEAR 2007-08.

PAN : AGIPA1247P

Sub. : Intimation under Section 143(1) of the Income Tax Act, 1961

dated 10.03.2008

Ref. : AO Code: MUMD29901; Asst Year:[protected]



Respected Sir,



I, the undersigned, Shri Danish Adib, wishes to point an error in the said Intimation Order. On a careful perusal of the said Order, I had noticed that a loss from House Property (Interest on borrowed capital on purchase of house) to the tune of Rs. 81, 767/- were not taken into consideration at your end.



Due to the aforesaid error, instead of a refund due to me for Rs. 5, 495/- (Rupees Five thousand four hundred and ninety five only), there is a tax liability for Rs. 8, 500/-. To re-confirm the loss on house property, I am again enclosing a statement / certificate from the Bank, which discloses the following facts:



Payment towards Interest on Borrowed Capital : Rs. 81, 767/-
Payment of Principal on House Property : Rs. 27, 961/-


You shall appreciate the fact that payment of principal amount for Rs. 27, 961/- (Rupees Twenty seven thousand nine hundred and sixty one only) was taken into consideration under Section 80C, however the loss under Section 24 was erroneously excluded.



I request you to kindly look into the matter and re-issue the Intimation Order with the refund amount, as applicable. Your early action in this matter shall be highly appreciated.



Thanking you,



Yours truly,





Danish Adib

PAN: AGIPA1247P



Encl:

1. Copy of Intimation Order

2. Copy of Bank Certificate showing Interest on Borrowed Capital

3. Copy of PAN

4. Copy of Income Tax Acknowledgement filed for the relevant financial year[protected]