Sub-letting rental income taxable under ‘income from other sources’

Nallamothu Vijaya Lakshmi Vs ITO (ITAT Visakhapatnam) ITAT Visakhapatnam held that rent received from sub-letting the property is taxable under the head ‘income from other sources’ and not under the head ‘income from house property’. Facts- It is alleged that without considering the fact that the assessee is not the owner of the property, the Assessing Officer (AO) made addition of Rs.1,75,000/- under the head “income from house property” based on the entries in the Form 26AS. Aggrieved, the assessee preferred an appeal before the CIT(A). CIT(A) dismissed the appeal saying that the...