1. Sec 54/54F benefit is available in case the new asset is used for business/profession – 11 SOT 646 (Mum) 2. Expenditure incurred on making the house habitable and not comfortable would also qualify for deduction u/s 54/54F 9 SOT 601 (Mum) 3. Agreement to sell does not amount to sale so assessee not entitle to…