https://www.taxtmi.com/highlights?id=59399 Whether entering into a lease transaction would amount to transfer? - the CIT(A) is right in its observation that a lease transaction would not amount to a transfer and merely because the lessor had claimed 100% depreciation on the said asset cannot make the asset as 'previously used' to disqualify the asset from claiming deduction - HC en-us Thu, 26 Aug 2021 08:48:37 +0530 Thu, 26 Aug 2021 08:48:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=59399 Whether entering into a lease transaction would amount to transfer? - the CIT(A) is right in its observation that a lease transaction would not amount to a transfer and merely because the lessor had claimed 100% depreciation on the said asset cannot make the asset as 'previously used' to disqualify the asset from claiming deduction - HC Highlights Income Tax Thu, 26 Aug 2021 08:48:37 +0530 https://www.taxtmi.com/highlights?id=59399