https://www.taxtmi.com/caselaws?id=219554 The Tribunal concluded that occupancy rights granted to shareholders should be treated as deemed dividend under Section 2(22)(a) of the Income Tax Act. The appeals by the assessee and the department were allowed, confirming the Assessing Officer's addition for deemed dividend and overturning the Commissioner of Income Tax (Appeals)'s decision. The ruling applied mutatis mutandis to cross-appeals for subsequent assessment years with similar facts and issues. en-us Fri, 19 Oct 2012 00:00:00 +0530 Tue, 21 May 2013 16:12:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=219554 The Tribunal concluded that occupancy rights granted to shareholders should be treated as deemed dividend under Section 2(22)(a) of the Income Tax Act. The appeals by the assessee and the department were allowed, confirming the Assessing Officer's addition for deemed dividend and overturning the Commissioner of Income Tax (Appeals)'s decision. The ruling applied mutatis mutandis to cross-appeals for subsequent assessment years with similar facts and issues. Case-Laws Income Tax Fri, 19 Oct 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=219554