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    <title>Central Government specifies that Air India Assets Holding Limited shall not be considered as ‘buyer’ for the purpose of sub-section (1) of section 194Q of the IT Act 1961</title>
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    <description>The Central Government specifies that an assets-holding company shall not be considered a buyer for the purposes of sub-section (1) of section 194Q of the Income-tax Act when goods are transferred to it by the operating airline under a Central Government-approved plan, thereby removing the withholding obligation on such transfers; the notification is retrospective to the first day of July and includes a certification that no person is adversely affected by the retrospective effect.</description>
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