JUDGMENT :

Sanjeev Narula, J.

C.M. No 38598/2019 in W.P.(C) 9358/2019 &

C.M. No 38600/2019 in W.P.(C) 9359/2019

1. Exemption allowed, subject to all just exceptions.

2. The applications stands disposed of.

W.P.(C) 9358/2019 & CM APPL. 38597/2019 &

W.P.(C) 9359/2019 & CM APPL. 38599/2019

3. Both the present petitions under Article 226 of the Constitution of India challenge the respective orders, both dated 06.08.2019, passed by Deputy Commissioner of Income Tax, Circle 21 (1), C.R. Building, I.P. Estate, New Delhi directing the Petitioners to have their books of account for the assessment year 2016-17 audited by the Special Auditor under Section 142 (2A) of the Income Tax Act,1961 (hereinafter referred to as the "Act").

Brief Facts

4. The facts and grounds urged in both the petition are more or less similar and furthermore since identical arguments have been advanced, the same are being decided by a common judgment. However, facts narrated in WP (C) No. 9359/2019 are being noted and discussed for the purpose of deciding the petitions.

5. The Petitioner contends that it is engaged in the business of lending, investment, financial advisory services and distribution of third-party financial produ