Have you ever performed an ABX (blind) lossless vs aac256 - volume matched? Again - the software is free to do this - and full instructions are here:
http://www.head-fi.org/t/655879/setting-up-an-abx-test-simple-guide-to-ripping-tagging-transcoding
Just make sure you are comparing the exact same master file - IE rip a CD to lossless, then transcode that file to the lossy codec you wnat to compare. I really suggest that you try flac or wav against aac256.
I'd be extremely surpriced if you actually find any noticeable difference [COLOR=0000FF]
"So 256kbps iTunes music is also lossy format and it noticeble if compare to WAV(1144kbps) or lossless formats like Apple lossless format"[/COLOR]
Until you have done it - I'd actually suggest not quoting this sort of thing as fact. Whilst theoretically lossless must be better than lossy. In practical terms (under controlled conditions to eliminate placebo) - most people can't tell the difference.