Omitted

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....sfer, re invested the full value of the consideration or any part thereof received or accruing as a result of such transfer in an investment approved by the Central Government in this behalf (hereinafter in this section referred to as the approved investment), the assessee shall, subject to the provisions of sub section (3), be entitled to a credit of a sum calculated in accordance with the provisions of sub section (2). (2) The amount to be given as credit under sub section (1) shall be a sum which bears to the amount of income tax payable by the assessee on the income chargeable under the head "Capital gains" arising from the transfer referred to in sub section (1) the same proportion as the amount invested in the approved invest....

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....charitable or religious purposes or by certain Institutions. (1) Where the capital gain arises from the transfer of a long term capital asset, being property specified in sub-section (2) (the capital asset so transferred being hereafter in this section referred to as the original asset), and the assessee has, during the previous year in which the transfer took place or within a period of six months after the close of such previous year, acquired another capital asset (such asset being hereafter in this section referred to as the new asset), to be held for the same purposes as those for which the original asset was held, then, the capital gain arising from the transfer shall be dealt with" in accordance with the following provisions....