ORDER

PER BENCH

The present appeals filed by the assessee for A.Ys. 2006-07, 2009-10, 2010-11, 2011-12, 2012-13, 2013-14 & 2014-15 are directed against the respective orders passed by the Principal Commissioner of Income Tax-2, Jalandhar (for short ‘Pr. CIT’) under Sec. 263 of the Income Tax Act, 1961 (for short ‘I.T. Act’), dated 17.05.2017, which in turn arises from the respective assessment orders passed by the A.O under Sec. 143(3) of the I.T. Act, dated 03.06.2016 for the aforementioned years. As common issues are involved in the aforementioned appeals, therefore, the same are being disposed off by way of a consolidate order. We shall dispose off the aforesaid appeals by taking the appeal filed by the assessee for A.Y. 2006-07 as the lead year. The assessee assailing the order of the Pr. CIT has raised before us the following grounds of appeal:-

“1 That on the facts and circumstances of the case and in law the order dated 17.05.2017 passed by the Ld. CIT-II under section 263 holding the assessment order dated 03.06.2016 to be erroneous and prejudicial to interests of revenue on certain issues, is beyond jurisdiction, bad in law and void ab initio.

2. That the Ld. CIT-II erred on f