AO Accepts Assessee's Documents Without Independent Inquiry; No Addition u/s 68 of Income Tax Act.

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....Addition u/s 68 - AO neither find any fault with the documents furnished by the assessee nor make any independent enquiry with the share applicants in order to find out the veracity of the submissions made by the assessee, it has to be presumed that the AO was satisfied with the details furnished - no addition....