Assessee Denied Section 54F Exemption Due to Returned Cheque and Failure to Deposit in Capital Gain Account.

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....Claim of deduction u/s 54F - one cheque returned by the builder due to technical reasons - The assessee cannot get the exemption towards unutilized amount as the said amount has not been invested by the assessee in the purchase/construction of new residential house property - nor the same has been deposited in capital gain account with bank - AT....