Capital gain on sale of urban agriculture land

Dear Sir,

Assessee sold a urban agriculture land in a last month on January, 2014 , with a gain of Rs 10,00,000/- and during the same year, i.e 2013 assessee spent Rs 35,00,000/- on construction of another part of its exsiting Hospital.

whether benifit under sec 54B can be availed for construction of another part of exisiting hospital as construction has been made with in one year from the date of transfer of such asset.

Thanking you,