Part of: Section 54GB — Capital gain on transfer of residential property not to be charged in certain
(3) For the purposes of sub -section ( 1), the amount, if any, already utilised by the company for the purchase of the new as set together with the amount deposited under sub -section ( 2) shall be deemed to be the cost of the new asset: Provided that if the amount so deposited is not utilised, wholly or partly, for the purchase of the new asset within the period specified in sub-section ( 1), then, -