Tribunal held that date of transfer of land was date of joint development agreement and on this date no flats owned by assessee hence  bar does not apply. under the unamended provisions of S. 54F, the assessee has to invest in a residential house by way of purchase within two years or by way of construction within three years after the date of transfer of the original asset. The acquisition of the new residential house can be more than one under the unamended provisions of S.  54F and more than unit of residential house was also eligible for exemption under S.54F. (AY.2012-13)