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2012 (5) TMI 645 - ITAT DELHIAddition u/s 68 - Held that:- In the present case, no inquiry was made by the Assessing Officer. He simply treated the information collected by the Investigating Wing as a gospel truth. To our mind that information could be sufficient for starting investigation to that cannot be a substitution of all sort of evidence. On due consideration of the facts and circumstances and the order of Ld CIT (A) we do not find any force in the contentions of Ld DR. Appeal of the revenue is dismissed.
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