The Income Tax Appellate Tribunal (ITAT) in Mumbai ruled in favor of a woman claiming capital gains tax exemption under Section 54F after selling land for Rs 70 lakh and investing in a new apartment. The tax department had denied the exemption, citing a five-year delay between the land sale and the builder's execution of the sale agreement. However, the ITAT acknowledged the woman's timely payments and acquisition of property rights, granting her the exemption.