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<h1>Air India asset transfer to Air India Assets Holding Limited approved under Income-tax Act, section 47 clause (viiaf). Effective 2022.</h1> The Central Government has issued a notification regarding the transfer of a capital asset from Air India Limited to Air India Assets Holding Limited. This transfer is part of a plan approved by the Central Government and is executed under clause (viiaf) of section 47 of the Income-tax Act, 1961. The notification, identified as No. 104/2021, will be effective from April 1, 2022, and will apply to the assessment year 2022-2023 and subsequent years.