Can exemption u/s 54 & u/s 54f be merged?

Neha sharma (-) (1257 Points)

29 March 2013  

An Assessee sells a Residential House Property and a Commercial Property.

 

And the total sale consideration received is invested in a single Residential House Property

 

Can the assessee claim exemption u/s 54 & u/s 54F for the purchased single residential house property?