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Capital gains

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(Querist)
19 November 2019 Mr. A has sold a residential plot for RS. 75.00 lakhs on 10/4/2016.
He don't have any residential house as on that date.
He wants to claim exemption u/s. 54F and so purchased another residential Site for RS. 80.00 lakhs on 15th May,2016 itself. He has constructed house on the above site before March,2019 with his own funds.
He has not deposited any amount in Capital gains accounts scheme.
Is the claim of 54F is correct?
Is there any case law?
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
20 November 2019 Yes claim of 54F is right.
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Soumitra Basu

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Soumitra Basu (Expert)
22 November 2019 the section speaks itself.
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