Dear Tripathy Sir,
section 157Cr.P.C says that "If, from information received or otherwise, an officer in charge of a Police station has reason to suspect the commission of an offence which he is empowered under Section 156 to investigate , xxxxxx etc" So or otherwise includes & means -he himself as a informant can register a case and can investigate. But there are contra dictory SC rulings . which are given below:
Narpal Singh V. State of Haryana,AIR 1977 SC 1066,
Bhagawan Dayal Piarey Lal V State 1968 Cri L.J 1028 where in it is stated that the practice of investigation being conducted by the same officer, who happens to be an ocular witness, is looked with disfavour when the same offiver, who calims to have witnessed the incident, investigates then his evidence has got to be looked with great caution.