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<h1>Air India Assets Holding Limited Exempt from 'Buyer' Classification u/s 194Q for Goods Transfers from Air India.</h1> The Central Government has issued a notification specifying that Air India Assets Holding Limited will not be classified as a 'buyer' under sub-section (1) of section 194Q of the Income-tax Act, 1961, regarding the transfer of goods from Air India Limited. This exemption applies to transfers approved by the government and is effective retroactively from July 1, 2021. The notification assures that no individual is adversely impacted by this retrospective application.