clause (vii) of sub section-2 of section-56

The excess of FMV over WDV of Block of assets will be taxable as STCG..

From the heading of ur query i think that you want to know that whether sec 56 (2) (vii) will be attracted on the above receipt of machine??

The answer is "NO" since the above transanction is specifically covered by Sec 45(1A) hence it cannot be covered unsder the general provision of Sec 56.