Section 10(ii)

(ii) for a consideration which is less than the aggregate fair market value of the property by an amount exceeding fifty thousand rupees, the aggregate fair m arket value of such property as exceeds such consideration: Provided that where the stamp duty value of immovable property as referred to in sub-clause ( b) is disputed by the assessee on grounds mentioned in sub -section ( 2) of section 50C, the Assessing Officer may refer the valuation of such property to a