*      IN THE HIGH COURT OF DELHI AT NEW DELHI

                                       RESERVED ON : 05.12.2012
                                     PRONOUNCED ON: 21.12.2012

+                        ITA NO. 1411/2006

COMMISSIONER OF INCOME TAX                       ..............Appellant

       Through : Sh. Sanjeev Sabharwal, Sr. Standing Counsel
                 with Ms. Gayatri Verma and Sh. Puneet Gupta, Jr.
                 Standing Counsel.

                               Vs.

M/S. DEWAN CHAND SATYAPAL                        ............ Respondent

       Through : Sh. M.S. Syali, Sr. Advocate with Sh. Satyen Sethi,
                 Sh. Arta Trana Panda, Ms. Husnal Syali,
                 Sh. Mayank Nagi and Sh. Rahul Sateeja, Advocates.

                         ITA NO. 1541/2006

COMMISSIONER OF INCOME TAX                       ..............Appellant

       Through : Sh. Sanjeev Sabharwal, Sr. Standing Counsel with
                 Ms. Gayatri Verma and Sh. Puneet Gupta, Jr. Standing
                 Counsel.

                               Vs.

DEWAN CHAND SATYAPAL                             ............ Respondent

       Through : Sh. M.S. Syali, Sr. Advocate with Sh. Satyen Sethi,
                 Sh. Arta Trana Panda, Ms. Husnal Syali, Sh. Mayank
                 Nagi and Sh. Rahul Sateeja, Advocates.









ITA Nos.1411 & 1541/06                                       Page 1
CORAM:

MR. JUSTICE S. RAVINDRA BHAT
MR. JUSTICE R.V. EASWAR

MR. JUSTICE S.RAVINDRA BHAT

%
1.     The present appeals are allowed in view of the separate judgment
passed today in ITA No.87/2003 titled Commissioner of Income Tax Vs.
M/s Dewan Chand Satyapal.



                                         S. RAVINDRA BHAT
                                                  (JUDGE)



                                               R.V. EASWAR
                                                     (JUDGE)
December 21, 2012




ITA Nos.1411 & 1541/06                                   Page 2