Does any taxability arise if prescribed movable property is received by an individual or HUF for less than its fair market value?

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..... ) : Prescribed movable property is acquired by an individual or HUF. The aggregate fair market value of such properties acquired by the taxpayer during the year exceeds the consideration of these properties by more than Rs. 50,000. In other words, the aggregate fair market value of all such properties is higher than the consideration and the difference is more than Rs. 50,000. (*) .....

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