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Companies Can Receive Tax-Free Gifts Without Love Requirement Under IT Act Sections 56, 2(22)(e), and 115JB.

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....Validity of Gift of Dividend - The companies are competent to make and receive gifts and natural love and affection are not the necessary requirements - The amount of gift so received is neither taxable as income from other sources u/s. 56 nor as capital gain nor as income u/s.2(22)(e) nor u/s.115JB of the I.T.Act. - AT....

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