https://www.taxtmi.com/caselaws?id=214483 A written transfer agreement, substantial consideration, delivery of possession, and unrestricted enjoyment by the transferee were treated as sufficient for transfer by part performance under section 2(47)(v) read with section 53A, so capital gains arose in the relevant year. Depreciation could not be compulsorily allowed where the assessee had not claimed it for that year. Voluntary retirement scheme expenditure incurred to rationalise the workforce and support business operations was held to be revenue in nature, not capital, and was allowable under section 37(1) as commercial expenditure. en-us Fri, 20 Jan 2012 00:00:00 +0530 Thu, 23 May 2013 14:05:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=214483 A written transfer agreement, substantial consideration, delivery of possession, and unrestricted enjoyment by the transferee were treated as sufficient for transfer by part performance under section 2(47)(v) read with section 53A, so capital gains arose in the relevant year. Depreciation could not be compulsorily allowed where the assessee had not claimed it for that year. Voluntary retirement scheme expenditure incurred to rationalise the workforce and support business operations was held to be revenue in nature, not capital, and was allowable under section 37(1) as commercial expenditure. Case-Laws Income Tax Fri, 20 Jan 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=214483