JUDGMENT

Abid Aziz Sheikh, J.-This judgment will also decide ITR No.56083/2022, ITR No.56086/2022 and ITR No.56088/2022, as all these reference applications are against the same impugned order dated 05.4.2022 (impugned order) in respect of different tax years passed by Appellate Tribunal Inland Revenue (Tribunal).2. These reference applications are filed under section 133 of the Income Tax Ordinance, 2001 (Ordinance) against impugned order passed by the Tribunal in respect of tax years2017 to 2020. Though number of questions of law are framed in these reference applications, however, the following questions of law have been pressed and argued:-1. Whether in the facts and circumstances of the case the Appellate Tribunal Inland Revenue made a gross error in holding that profit on debt on deposit of surplus funds in banks was income from business under sub-section (2) Section 18 of the Income Tax Ordinance, 2001 notwithstanding the fact that it is not the respondent taxpayer's business to derive s...