Tax treatment and sec 56 2(x) applicable

for example
Mr. A purchase of property from Mr .B value rs:50 lacs .the stamp duty value of this property is rs:65 lacs
question:
tax treatment both both persons and sec 56 2(x) applicable in it act.
Replies (1)
U/s 56 2(x) 1500000 will be taxable in hands of Mr.b

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