Investment in construction of house property

Yes      

Thank you sir,

Can you please elaborate

(1) Is there any case law? If so Please let us know

(2) What is the percentage of Investment in Land (for the purpose of construction of house property) from the capital gains

Example: I have a capital gain of Rs.20,00,000/- and i have deposited the whole amount in CGAS scheme. Iam planning to construct a house property and the value of land which is for construction is 25,00,000/- then Can I use whole amount of CGAS scheme for the purchase of land and I'll construct house property after the purchase

1. Mahendra Pal Singh Vs. ITO 2567/2011 (Del.)

2 The cost of the plot together with cost of the building will be considered as cost of new asset provided the acquisition of the plot and also the construction thereon are completed within the period specified in these sections. [Circular no. 667, dated 18-10-1993]

The primary condition is "A Residential House Property in India" Any where the specific ratio not clarified.

Thank you sir for quick response :)