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<h1>Air India not a 'seller' under Income Tax Act sec 206C for asset transfer to Air India Assets Holding.</h1> The Central Government, through Notification No. 108/2021, specifies that Air India Limited will not be considered a 'seller' under sub-section (1H) of section 206C of the Income-tax Act, 1961, regarding the transfer of goods to Air India Assets Holding Limited. This determination is part of a government-approved plan and is effective retroactively from April 1, 2021. The notification assures that no individual will be adversely affected by its retrospective application.