Capital Gain Exmeption under section 54 and availability of tax benefit under new scheme ?

I want to know regarding the exemption availability of benefit under section 54 as regarding capital gain and investment in new capital asset.

Whether the benfit is available under New Tax Regime for investment made in capital asset to reduce tax liability on capital gain arising on sale of the prescribed Capital Asset as per the old tax regime.

Please guide with notification/circular or any other relevant referece material.