Capital gain exemption on sale of house

Murali Rotti Sathyanarayana (Manager of Accounts) (154 Points)

24 July 2023  
Assessee sold his house in FY 2022-23.. Invested the sale proceeds completely of 40 Lakhs in construction of house (Land owned by son in law)..Can LTCG exemption be claimed under section 54 by assessee ?