Section 263 Revision Upheld: Incomplete Inquiry on Depreciation Claim for Electrical Installation Justifies Action.

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....Revision u/s 263 - Assessee merely kept referring to the decision that an enquiry was made by the ld. AO and section 263 should not have been invoked. We, however, find no merit in the contention of the ld. Counsel for the assesse with regard to the issue of claim of depreciation on electrical installation because though the inquiry was initiated, but the same was incomplete as the assessee did not reply to it in the way it ought to be. - Therefore, in real terms, there was no enquiry on the said issue. - Revision order sustained - AT....