Sold shares and Purchased plot

Investment in Open Plot: The client has invested in an "open plot", which typically refers to a vacant land without any construction. 

According to the Income-tax Act and relevant judicial precedents, an "open plot" or vacant land does not qualify as a "residential house' under Section 54F unless it is used for residential purposes or has a residential structure  on it. The exemption under Section 54F is specifically for investment in a residential house, not just any land.