Investment for Leveling and filling of new agriculture land cannot be Claimed as exemption U/s 54B

Brief Facts of the case:

An assessee has sold 343 acre of agriculture land for Rs 2,02,00,000/- and incurred a capital gain of Rs 1,78,84,855/-on the sale transaction .From the sale proceeds an assessee has purchased agriculture land of Rs 1.45,00,000/-for claiming exemption u/s 54B and also incurred expenditure of Rs 34,00,000/-on the leveling and filling of the agricultural land.The assessee has also produced vouchers and bills of leveling and filling of land and also included the same as cost of land while

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