Mere Non Completion / Registration cannot be the reason for denying benefit U/s 54F

The admitted facts under consideration are that the assessee sold a plot of land at Rajkot, Gujarat for a consideration of Rs.19,35,325/- on 09-02-2010. The assessee has earned Long Term Capital Gains of Rs.14,81,284/-. The assessee invested a sum of Rs.15,00,000/- on 12-03-2010 and Rs.3,60,000/- on 19-03- 2010 for buying a residential flat under construction in the project “LA – CITADEL” from Seth Developers Pvt. Ltd. and Poonam Builders. The Developer allotted Flat No.602 of 6^th Floor in the project for a sum of Rs.1,43,96,800/- on the terms &

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