THIS ORDER PASSED BY:These appeals have been filed against combined order, dated 14-11-2008 passed by CIT(A), Islamabad. As per facts the assessee a body corporate having the status of a public limited company derives income from licence fee and interest from bank deposits etc. The Additional Commissioner, LTU, Islamabad on examination of assessment record found that assessments already deemed to have been made under section 120 were erroneous insofar as being prejudicial to the interest of Revenue. Proceedings were accordingly started for amendment of assessment and after taking into account explanation of the assessee final orders were passed under section 122(5A) and income of the assessee was subjected to tax and its claim of exemption was rejected. Income was assessed at Rs.644559558, Rs.60910011, Rs.60693863, Rs. 131274123 and Rs.132039942 for tax years, 2003, 2004, 2005, 2006 and 2007 respectively, which also included additions of certain P&L account expenses. The assessee f...