ORDER

SYED NADEEM SAQLAIN (JUDICIAL MEMBER).-The assessee/appellant is in appeal for the assessment year 2000-2001 calling in question the impugned order, dated 1-11-2003 passed by the learned CIT(A) Zone-III, Lahore. For the assessment years 1998-99, 1999-2000 and 2001-2002, the Revenue has assailed the three separate impugned orders, dated 31-4-2005 and 6-4-2005 respectively. For all the three assessment years, the grievance of the Revenue is that the learned CIT(A) was not justified to delete the tax levied on sale proceeds of land treating it gain on sale of land. While the assesses is in appeal for the assessment year 2000-2001 contesting the findings given by the learned CIT(A), whereby he observed that the gain on sale of land was venture in the nature of trade, hence taxable. Since facts and the issues involved in all the appeals are common, we intend to dispose of the same through this consolidated order,2. The facts succinctly relevant for the disposal of present appeals are that t...