In case if Mr X sells long term asset other than house and sells it in FY 11-12 and invests the proceeds in residential house in FY 11-12 it is exempt from tax U/s 54F(Mr X does not own any house on date of trf). But what happens in case he receives through will/gift(without consideration being paid) from his brother Mr Y a floor in another residential property after date of transfer whether capital gains be taxable?