Assessee sold agricultural land and claimed exemption under section 54F on account of construction of a building. Assessing Officer denied exemption on ground that building was constructed for commercial purposes, i.e., for purpose of hostel only. Held that   building in question was a structure not fit for residential house but to exploit same for commercial usage. Further there was no evidence on record to suggest that originally assessee constructed building as a residential building and subsequently it was converted into a hostel building at request of lessee. As the   assessee constructed building for commercial purposes only not eligible for exemption.  (AY. 2008-09)