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Deduction u/s 54 Allowed Despite Construction Delay if Advances Paid for Asset Acquisition Qualify for Capital Gains Use.

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....Deduction u/s. 54 - construction of the house was not completed within the stipulated period - Advances paid for the purpose of purchase and/or acquisition of the aforesaid assets would certainly amount to utilization by the assessee of the capital gains made by him for the purpose of purchasing and/or acquiring the aforesaid assets - AT....

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Deduction u/s 54 Allowed Despite Construction Delay if Advances Paid for Asset Acquisition Qualify for Capital Gains Use.