Assessee is  engaged in real estate business who  purchased a piece of land as its stock-in-trade. AO invoked  provisions of S. 56(2)(vii)(b)(ii) adopting full value of sale consideration as adopted by stamp authority. Tribunal held that provisions of S. 56(2)(vii) have application to property which is in nature of a capital asset of recipient and, therefore, same would not apply to stock-in-trade, raw material and consumable stores of any business of such recipient. Accordingly the order of the AO  is set aside. (AY. 2015 -16)