Odaily Planet Daily News: The Income Tax Appellate Tribunal (ITAT) in Jodhpur, India ruled that profits from the sale of cryptocurrencies should be considered capital gains prior to the introduction of the Virtual Digital Assets (VDA) framework in 2022. The ruling classifies cryptocurrencies, including Bitcoin, as capital assets, addressing previous ambiguities surrounding cryptocurrency taxation. The ITAT ruling ensures fair treatment under long-term capital gains laws, easing the tax burden on early adopters. (Decrypt)