Assessee had sold a residential property and earned capital gain. He claimed exemption under section 54 on ground that he had constructed a residential house within a period of three years.  Assessing Officer on basis of inspection report observed that assessee had not constructed a residential house but purchased vacant agricultural land and constructed a makeshift structure on said land.  He  held that said structure had been raised with a view to evade tax liability.  Accordingly denied the deduction.  CIT(A) affirmed the order of the AO. On appeal the Tribunal  held that none of basic amenities like boundary wall, kitchen, washroom, bedroom, electricity connection or water connection were available at residential house of assessee. Accordingly the order of the  AO is affirmed. On appeal the Court held that from perusal of inspector’s report, it was noted that a makeshift guardroom made of plywood of 7 feet x 6 feet and a similar room of plywood of 16 feet x 12 feet with a toilet attached was found at said site  putting together a structure of plywood sheets could not be construed as constructing a residential house, order of Tribunal is affirmed.AY. 2015-16)