Income from other sources under section 56 (2) (X) (b)

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08 July 2022 I am a member of a Co-operative Housing Society in West Bengal. I paid to the Society in instalments, the proportionate cost of land and cost of construction of the building during construction of the building. After completion of construction, the Society transferred the ownership of my apartment to me by a deed of conveyance. The stamp duty paid is based on the stamp duty value of the apartment (circle rate), which is much higher than the construction cost paid by me to the Society.

My question is for the transfer of ownership of the apartment by the Society to me, will the difference between the cost of construction and stamp duty value of the apartment be charged as income from other sources under Income tax act section 56 (2) (X) (b) by the Income tax authorities?

Thanks for your help.