Sec 54f of the income tax act

1. As per sec 54F exemption will be available for a sale of a capital asset and purchase residential house property within a specified period.  
2. The above section says that an assessee should have purchased within 2 years after or 1 year before the date of sale or constructed a residential property within a period of 3 years.  
3. The provision clearly says assessee should have purchased or constructed. From a plain reading, it can be said the house property should be in the name of the assessee. 
4. But referring a case law Shri Vivek Jain Vs. DCIT (ITAT Jaipur) where the decision was in favor of the assessee where the sale consideration of a capital asset was used to purchase a property in his wife's name. The exemption cannot be denied merely because the property was purchased in assessee's wife and exemption provisions are to be interpreted liberally and not from a strict angle. 
5. In conclusion, based on the above case law exmeption, u/s 54F will be available even if the property was purchased in the name of his wife. 
Please correct me if the above solution has an alternative view.