Cost of acquisition by successor during succession will not form part of cost of Asset

ITAT MUMBAI BENCH ‘E’ Sonia Maria Mistry versus Income-tax Officer, Ward 19(3)(4), Mumbai IT Appeal No. 8506 (Mum.) of 2011 [ASSESSMENT YEAR 2006-07] FEBRUARY 1, 2013 ORDER Sanjay Arora, Accountant Member This is an Appeal by the Assessee directed against the Order by the Commissioner of Income Tax (Appeals)-30, Mumbai (‘the CIT(A)’ for short) dated 30.09.2011, partly allowing the assessee’s appeal contesting its assessment for the assessment year (A.Y.) 2006-07 vide order u/s. 143(3) of the Income Tax Act, 1961 (‘the Act’ hereinafter...