Deep Tide TechFlow News, on December 17, as reported by Decrypt, the Income Tax Appellate Tribunal (ITAT) in Jodhpur, India, ruled that profits from cryptocurrency sales prior to the introduction of the Virtual Digital Assets (VDA) regime in 2022 should be considered capital gains. This ruling classifies cryptocurrencies, including Bitcoin, as capital assets, resolving the ambiguity surrounding the taxation of cryptocurrencies.