Extra consideration for acquiring an asset cannot be disallowed if main purpose of the same is not tax evasion

 ITAT AHMEDABAD BENCH ‘A’ Nirma Industries (P.) Ltd. Versus Deputy Commissioner of Income-tax IT APPEAL NOs. 386 & 658 (AHD.) OF 2010 [ASSESSMENT YEAR 2001-02] JANUARY 24, 2013 ORDER A.K. Garodia, Accountant Member  These are cross appeals filed by the assessee and the revenue and these are directed against the order of Ld. CIT (A) II, Ahmedabad dated 30.11.2009 for the assessment year 2001-02. 2. First, we take up the appeal filed by the assessee in I.T.A. No. 386/Ahd/2010. The grounds No. 1-4 are interconnected which read as under: “(1)  In law and...