Query in capital gains

sowmiya.v (ca student) (156 Points)

19 December 2012  

Assesse has sold a house property in nov 2011, resulting in capital gain of  Rs3 crores. He has acquired a house from his family members in august 2011[Free of  Cost]. but there were already some people living in that house for more than 10 Years, In order to clear all those people, assesse has spent Rs 3Crores. Can the assesse claim this U/s 54  ?

Thanks in advanceyes