Air India News

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

Air India asks US court to reject Cairn’s plea, says it is premature

Air India asks US court to reject Cairn’s plea, says it is premature

New Delhi: Air India has asked a New York court to dismiss a petition filed by UK’s Cairn Energy against the Indian government for confiscation of its assets to enforce USD 1.2 billion arbitral awards, saying that The litigation was premature as the appeal against the arbitration award was still