Commissioner Of Income Tax Iv vs Fair Finvest Ltd on 22 November, 2012
12. The ld. AR, thereafter, relied on the case of CIT vs. Fair Finvest Ltd (2013) 357 ITR
146 (Del) wherein the Hon'ble Delhi High Court deleted the addition u/s. 68 of the Act and
noted that no independent enquiry was made by the AO and that he simply choose to base
himself merely on the general inference drawn from the reading of the investigation report
and the statement of some third party.