Are there any cases in which prescribed movable property received for less than its fair market value by an individual or HUF is not charged to tax?

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..... n individual or HUF for less than its fair market value is chargeable to tax. However, in the following cases nothing will be charged to tax in respect of prescribed movable property received for less​ than its fair market value: Property received from relatives (*). Property received by a HUF from its members. Property received on the occasion of the marriage of the individual. .....

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..... .;. section 13(3) by way of transaction not regarded as transfer under section 47(i)/(iv)/(v)/(vi)/(via)/ (viaa)/(vib)/ (vic)/ (vica)/ (vicb)/ (vid)/ (vii). from an individual by a trust created or established solely for the benefit of relative of the individual. From such persons and subject to such conditions as may be prescribed. (*) Relative for this purpose means: ( .....

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