Lease Agreements Don't Count as Transfers; Full Depreciation Doesn't Make Assets 'Previously Used' for Deductions.

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....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....