The assessee purchased agricultural land in August 2012 for consideration substantially lower than the stamp duty value. The Assessing Officer invoked section 56(2)(vii)(b)(ii) and taxed the difference as income from other sources. The Tribunal held that the amendment bringing such transactions within the ambit of section 56(2)(vii)(b)(ii) came into force only from 2014 and could not be applied retrospectively to a transaction undertaken in financial year 2012-13. The addition was therefore deleted. (AY. 2013-14).