No tax or MAT on donee-co. in respect of gift received from another concern; ITAT affirms gifting po

IT : Where assessee received certain amount from 'R' Ltd. on account of dividend receivable by four concerns against their shareholding in 'R' Ltd., since there was no dispute about genuineness of transaction because receipt of amount was duly authorised by respective Memorandum and Articles of Association of assessee and donor companies, it was to be regarded as gift; it is neither taxable as income from other sources under section 56 nor as capital gain nor as income under section 2(22)(e)