Arbitration and Conciliation Act s.9 — the law in short
What the courts have decided on section Arbitration and Conciliation Act s.9, in one screen. Read this first; open an entry when you need the facts, the reasoning and the source.
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Rhutikumari v Zanmai Labs
High CourtCuts both waysNo later treatment found
The AO says crypto was not property at all before the 2022 amendments, so my gain cannot be a capital gain. Is there a High Court holding that crypto is property?
Yes, but from outside the tax jurisdiction. Hearing an application for interim protection in a WazirX dispute, the Madras High Court held that crypto currency is property — not tangible property and not currency, but property capable of being enjoyed, possessed in a beneficial form and held in trust. It is a civil ruling under the Arbitration and Conciliation Act, not a decision on the Income-tax Act, so it supports the characterisation argument without deciding any head of income.
Listed strongest first: Supreme Court, then High Court, then Tribunal, then CBDT. Nothing here has yet been read in full by a chartered accountant — open an entry to see where it came from.
