Capital Gains Exemption

Look for section 54 exemption, this will get you the required CG deduction regards Tax

As per sec 54 F you can get the exemption up to amount of captal gain invested in a new residential house  provided that assessee does not own more than one house excluding the new one.you satisfy the condition hence you will get the exemption no futher case law needed.

HI,

1) YOU MUST PURCHASE RESIDENCIAL HOUSE PROPERY

2) WITHIN ONE YEAR OR IF CONSTRUCTION YOU WANT TO DO THEN CONSTRUCTION SHOULD BE COMPLITED WITHIN THREE YEAR.

BOTH SHOULD BE IN INDIA.

HI,

1) YOU MUST PURCHASE RESIDENCIAL HOUSE PROPERY WITHIN ONE YEAR

OR

2)IF CONSTRUCTION YOU WANT TO DO THEN CONSTRUCTION SHOULD BE COMPLITED WITHIN THREE YEAR.

REINVESTMENT SHOULD BE IN INDIA