ITAT Upholds Taxpayer Claims in Capital Gains, Gift, and NRI Property Cases

The Income Tax Appellate Tribunal (ITAT) delivered rulings favoring taxpayers in three distinct cases. ITAT Pune allowed full capital gains exemption under Section 54F despite partial deposit in the Capital Gains Account Scheme. ITAT Delhi ruled that property received via Hindu family settlement is not taxable as a gift. ITAT Mumbai cleared an NRI's Rs 2 crore property purchase from being treated as unexplained income, confirming foreign salary savings remitted through proper channels are exempt from such claims.