Acquiring built up area in lieu of transfer of development rights satisfies conditions for claiming

IT : Where assessee was representative of an AOP, which had been constituted for purpose of receiving income from rent and interest on fixed deposits, and members of AOP in terms of a development agreement sold development rights in a property to one 'S' and received certain super built up area in kind as part consideration for sale of property, assessee was entitled for deduction under section 54/54F