Invocation of section 13(2)(b) in absence of sufficient inquiry is unsustainable in law

CIT (Exemption) Vs Hamdard National Foundation (India) (Delhi High Court) Facts- The AO, for the A.Y. 2007-08, had noted that the assessee had received donation from Hamdard Dawakhana (Wakf) amounting to ₹9,43,81,000/- and rental income of ₹46,41,028/-. In addition, the assessee had also received ₹20,00,00,000/- as corpus donation from Hamdard Dawakhana (Wakf) during the said A.Y.. Relying upon the enquiry made from one M/s CB Richard Ellis South Asia Private Limited and from the various websites, namely, makan.com; 99acres.com; magicbricks.com, the AO held that the property at Asaf Ali...