Assessee sold property for Rs. 3,86,00,000 and bought new property for Rs. 18,50,00,000 plus Rs. 1,03,60,000 stamp duty. The AO denied the exemption, which was affirmed by the CIT(A). On appeal the Tribunal held that  Commissioner (Appeals) mistakenly considered only stamp duty as new property cost, disallowing Rs. 2,82,40,000 as taxable long-term capital gain. Tribunal held that  full cost of new residential property, including stamp duty, eligible for deduction under section 54, subject to limit of sale proceeds. (AY. 2021-22)