JUDGMENT

R.D. Dhanuka, J. - By these appeals filed under section 260A of the Income Tax Act, 1961, (hereinafter referred to as 'IT Act' for short), the appellants have impugned the orders passed by the Income Tax Appellant Tribunal, Pune, Bench 'B' in this bunch of appeals for various assessment years.

2. By consent of parties, all these bunch of appeals were heard together and are being disposed of by common order. The learned counsel for the parties jointly stated that the order that would be passed in ITA No.19/2013 would apply to the rest of the appeals which were heard together. The statement is accepted. We are, thus, dealing with the facts and submissions made by the parties in ITA No.19/2013.

3. It is the case of the appellant that on 17th March 2006 the search action in case of Peety Group of Jalna was conducted by the Income Tax Department. The respondent-assessee is one of the family member of the said group. It is the case of the appellant that during the search action, certain statements of the share brokers were recorded by the investigation wing of the department at