exemption under section 54f

Dear Sir,

Exemption u/s 54F will be AVAILABLE as long as assessee is the owner (or co/joint owner) in the new house.........

Yes......

Exemption u/s 54F is available for co-ownership...........Assessee should be a joint / co owner....

thanks for reply but any of u have case law / text w.r.t. this issue.

I have referred one case but it can have bounce back too. 280ITR243 - RASIKLAL N. SATRA.

PLS LET ME KNO IF THERE IS ANY CASE DIRECTLY RELATED WITH. 

EXMPTION WILL BE APPLICABLE TO THE EXTENT OF INVT MADE BY ASSESSEE.