Intention of applicability of 56(2)(x)

Whether there are any judgements in which it is held that the provisions of section 56(2)(x) of the Income Tax Act, 1961 are not applicable in case of bonafide purchase of property. The difference between SDV and the sale consideration cannot be taxed under 56(2)(x) in case of bonafide purchase.

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  purchase of property below SDV

Respected team, An assessee purchased a property in 2020 for  a value much below the stamp duty value of the document and the  value  exceeds the limit prescribed under 56(2)(xb).    Department issued notice for invoking provisions of sec 56(2)(xb) of the Act, what is the recourse available to the purchaser of property.

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  purchase of a property —dues of seller

How can a buyer ascertain whether a seller is having tax dues  ? what is the liability of a buyer who has bought property  from a seller having tax dues ?

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