Benefit u/s 54 available as total capital gain utilized for acquisition of new house

Anik Chatterjee Vs ITO (ITAT Delhi) ITAT Delhi held that benefit u/s 54 of the Income Tax Act duly available the amount equivalent to the capital gains has been utilized for acquisition of new house Facts- During the course of assessment proceedings, AO noted that the assessee had claimed deduction of Rs.1,13,88,413 u/s 54 of the Income Tax Act. The assessee has made payments for booking on 10.06.2014 of Rs.10 lacs and 19.06.2014 of Rs.15 lacs. The remaining payments made upto 04.11.2014 totaling to Rs. 1,33,74,400/-. Assessee contended that CIT(A) erred in law as well as on the facts without ...