Perpetual sole occupancy right given to a shareholder is deemed dividend u/s. 2(22)(a)

IN THE ITAT MUMBAI BENCH ‘E’ Shantikumar D. Majithia Versus Deputy Commissioner of Income-tax IT Appeal Nos. 2517, 2518, 2520, 3160, 3232 & 3234 (Mum.) of 2011 [Assessment years 2006-07 & 2007-08] October 19, 2012 ORDER Per Bench  The assessee viz; Shri Shantikumar D. Majithia and department have filed cross appeals for assessment years 2006-07 and 2007-08 against common order of ld CIT(A) dated 31.1.2011 and assessee viz; Mrs Shobhana Majithia and department have filed cross appeals for assessment year 2006-07 against order of ld CIT(A) dated 31.01.2011....