Availing exemption under section 54 f

For Availing 54 F exemption : If the assesses had not deposited the sale consideration value in the capital gain account scheme within the due date of filing the return that is 31/08/2012 ,and he is deposing the amount in the current month will he still be able to get the exemption under section 54F ? As section 139(4) give extended time for filing the return though its a belated return and even since the 139(4) is not an independent section but relates to time contemplated in 139 (1) . 
So the assesses will still be able to get the Exemption ?