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Govt exempts Air India of TDS/TCS on transfer of assets to SPV

Govt exempts Air India of TDS/TCS on transfer of assets to SPV

New Delhi: In an order to facilitate strategic disinvestment of Air India, the Centre has exempted taxes on transfer of assets by the national carrier to special purpose vehicle (SPV) Air India Assets Holding Ltd. In a set of notifications, the Central Board of Direct Taxes (CBDT) said that there