Capital gain

1. In the case of Kaushal Kishore Maheshwari vs ACIT, it was decided that sec 54 and sec 54F should be interpreted liberally and tough interpretations should not be made while allowing exemption in respect of the above case. 
2. In the above case, law purchase of house property in the assessee's wife is allowed as exemption u/s 54F. 
3. Though in your case it may not be an "investment in spouse's name" but the point in here is exemption sections should be interpreted liberally and not in a strict term. 
Please correct me if the above solution has an alternative view.