Transfer of property to son's HUF

What is the kind of transfer, with consideration or without?

Any think less than FMV, is taxable in the hands of recipient.

The above transaction will have implication in the hands of the transferor and as well as the transferee.  
In the hands of the Transferee :
1. According to sec 56(2)(x), where any Immovable property received for no consideration or for inadequate consideration, where the difference between stamp duty value of such property and consideration received exceeds Rs. 50,000 on the date of transfer the same will be taxable u/s 56(2)(x), subject to certain conditions. 
2. In your case, I am assuming that you have transferred your Immovable property to son's HUF for inadequate or no consideration. For the purpose of a relative, Son's HUF will not be considered as relative and hence it will be treated as a separate concern and it amounts to transfer of Immovable property to concern in which your son has a substantial interest. Hence in the hands of HUF (transferee), the difference in value will be taxed u/s 56(2)(x). 
In the hands of Transferor : 
1. However, there is no stringent provision in the hands of the transferor. According to sec 61 where the transfer is in the nature of revocable transfer any income arising out of the asset will remains to be taxed in the hands of the transferor. 
2. In your case make sure it is an irrevocable transfer so that sec 61 does not get attracted. 
Please correct me if the above interpretation has an alternative view. 

1. If the property is first transferred to a son, he will be covered under the definition of relative hence there won't be any tax in the hands of the transferee. 

However, will there be any clubbing provisions on the income earned through the property?