Several case laws have clarified the applicability of Section 54F. For instance, courts have ruled that the exemption can be claimed even if the new residential property is purchased in the name of a family member, as long as the conditions of the section are met. Additionally, exemptions have been allowed for constructing a new property, even if the construction is done in multiple stages over the specified period. These rulings highlight the flexibility of Section 54F regarding reinvestment in residential properties and the timelines for claiming exemptions.