Rental income received from letting out gym equipment not taxable as ‘income from house property’ : ITAT

INCOME TAX : Where Assessing Officer made addition under section 68 to total income of assessee on account of cash deposited in two bank accounts, since amounts were received from parents, brother and spouse respectively as gifts and father had withdrawn substantial cash amount from bank before giving gift on various dates to his son and balance gifts from brother, mother and from spouse were not huge amounts,

from www.taxmann.com Latest Case Laws https://www.taxmann.com/research/direct-tax-laws/top-story/101010000000315346/rental-income-received-from-letting-out-gym-equipment-not-taxable-as-‘income-from-house-property’-itat.aspx