Notification under clause (viiaf) of section 47 of the Income tax Act, 1961
S.O. 3678(E).—In exercise of the powers conferred by clause (viiaf) of the section 47 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies the transfer of capital asset under plan approved by Central Government from Air India Limited (PAN: AACCN6194P), being transferor public sector company, to Air India Assets Holding Limited (PAN: AAQCA4703M), being transferee public sector company, for the purposes of the said clause.
- This notification shall come into force with effect from 1st day of April, 2022 and shall, accordingly, apply in relation to the assessment year 2022-2023 and subsequent assessment years.
Also Read:
- Notification under Explanation to subsection (1) of section 194Q
- Notification under explanation to subsection (1H) of section 206C
- An amendment under Rule 11UAC of Income-tax Rules 1962
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