Scope of Sec.269(c).

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....consideration by more than 25% of the latter. 2. Section 269(C)(2)(a) provides that where the fair market value of the property exceeds the apparent consideration by more than 25% it should be conclusive proof that the consideration for the transfer has not been truly stated in the instrument of transfer. This by itself is however, not sufficient to make the property liable to acquisition. It is ....

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....statement has been made with one of the objects mentioned in sec.269(c)(1) a and b. If the party concerned is able to prove that such understatement has not been made with the object of facilitating the reduction or evasion of the liability of the transferor to pay tax in respect of any income arising from the transfer or facilitating concealment of any income or any moneys or other assets by the ....