https://www.taxtmi.com/caselaws?id=434714 The Tribunal ruled in favor of the assessee in a tax dispute regarding the categorization of rental income for the Assessment Year 2017-18. Despite the Revenue's argument that the income should be taxed under "income from house property," the Tribunal found that since the assessee received rent through subletting and was not the property owner, the income should be classified under "income from other sources." Consequently, the Tribunal directed the Assessing Officer to delete the addition made under the 143(1) intimation, granting the appeal in favor of the assessee. en-us Tue, 28 Feb 2023 00:00:00 +0530 Thu, 02 Mar 2023 15:37:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=434714 The Tribunal ruled in favor of the assessee in a tax dispute regarding the categorization of rental income for the Assessment Year 2017-18. Despite the Revenue's argument that the income should be taxed under "income from house property," the Tribunal found that since the assessee received rent through subletting and was not the property owner, the income should be classified under "income from other sources." Consequently, the Tribunal directed the Assessing Officer to delete the addition made under the 143(1) intimation, granting the appeal in favor of the assessee. Case-Laws Income Tax Tue, 28 Feb 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=434714