https://www.taxtmi.com/caselaws?id=178712 Exemption under section 54F depends on whether the assessee owns another residential house at the time of investment in the new property. In this matter, title to the Jor Bagh house was found to have vested in the legatees because the estate had already been administered and the executor's assent to the specific bequest could be inferred from conduct and correspondence. Mutation in land records was not treated as a condition for vesting of title. On those facts, the assessee was treated as the owner of another residential house and was not entitled to the section 54F exemption. en-us Fri, 29 Sep 1995 00:00:00 +0530 Thu, 11 Feb 2016 11:50:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=178712 Exemption under section 54F depends on whether the assessee owns another residential house at the time of investment in the new property. In this matter, title to the Jor Bagh house was found to have vested in the legatees because the estate had already been administered and the executor's assent to the specific bequest could be inferred from conduct and correspondence. Mutation in land records was not treated as a condition for vesting of title. On those facts, the assessee was treated as the owner of another residential house and was not entitled to the section 54F exemption. Case-Laws Income Tax Fri, 29 Sep 1995 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=178712