ORDER

NASEER AHMAD (ACCOUNTANT MEMBER).-These eight appeals, pertaining to a Government owned company, have been filed by the Commissioner of Income Tax, Large Taxpayers Unit Lahore assailing the appellate orders passed by the first appellate authority in respect of assessment years 1996-97 through 2001-2002. Mr. Amjad Zubair Tiwana, DCIT, the author of the orders which were the subject of appeals before the first appellate authority, represented the Department whereas Mr. Asim Zulfiqar Ali, ACA along with Mr. Humza Ashraf, ACA from A.F. Ferguson and Co., Chartered Accountants appeared on behalf of the respondent/assessee. In view of the fact that the common issues are involved in the subject appeals, therefore, these are being disposed off through this consolidated order.I.T.As. Nos. 4944 to 4948 and 4954(Assessment Years 1996-97 through 2001-2002)2. Brief facts in these appeals are that the original assessments, for the assessment years under consideration were finalized under section 62 o...