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 2

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