Excess Money Over Acquisition Cost Taxed u/s 51, Avoids Section 56(2)(vi) in Genuine Transactions.

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....Taxability of excess money received by the assessee over and above the cost of acquisition/WDV - Provisions of section 51 would come into play in these circumstances as it specifically covers this type of transaction, once the transaction had been held to be genuine, there is no question of the transaction being without any consideration so as to invoke provisions of section 56(2)(vi) of the Act. - AT....