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Income from other source

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(Querist)
13 December 2016 Mr.X has purchased land on 30.03.2015. He purchased that land for less than SDV that exceeds 50000 and attracts sec 56(2)(vii). In which Year it will be taxed (fy 2014-15 or fy 2015-16)??
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KAVIRAJA ADDANGADI

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KAVIRAJA ADDANGADI (Expert)
14 December 2016 Transaction pertains to FY 2014-15 since transaction done 30.03.15

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