Tax treatment and sec 56 2(x) applicable

Kollipara Sundaraiah (B.com) (2963 Points)

09 January 2022  
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.