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    Foreign security seizure under FEMA upheld in part, with subscription-based shareholding treated as actionable investment outside India.
    Jurisdictional challenge to provisional attachment succeeded where reasons for urgent attachment lacked objective statutory basis.
    Retention of seized cash under PMLA upheld where source remained unexplained and natural justice challenge failed.
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    Composite tea estate lease treated as agricultural arrangement; CESTAT rejected splitting it into taxable service categories.
    Centralised registration and work-order substance defeated service tax demand on jurisdiction and manpower supply classification.
    Ayurvedic therapeutic treatment held outside health and fitness services, and exempt as health care services by a clinical establishment.
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    Infrastructure sub-sector businesses specified for Schedule V eligibility under the Income-tax Act, 2025, from Gazette publication.
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    Bail in CGST prosecution: pre-trial detention must be exceptional where investigation is complete and trial is delayed.
    BOT road concession treated as taxable works contract; toll rights counted as consideration, not exempt toll access service.
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      Applying Mobilox, the NCLAT held that the alleged pre-existing...

      Pre-existing dispute failed where emails and cheques acknowledged liability; insolvency admission followed despite a section 10A objection.

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      IBCMay 23, 2026Case LawsAT
      Applying Mobilox, the NCLAT held that the alleged pre-existing dispute was not contemporaneous with the invoices and was unsupported by material showing a genuine dispute over the 2021 supplies. Emails acknowledging outstanding dues, requests for time, and post-dated cheques amounted to acknowledgment of liability, while the later reply to the Section 138 notice raised only a counter-claim about 2018 iPhone 8 inventory and Apple-related discount issues, not the operational debt in question. The Local Commissioner's report and later arbitration involving Apple were rejected as irrelevant. The defence was held to be a moonshine defence, so debt and default under section 9 stood proved. The section 10A objection also failed, and the Section 9 application was directed to be admitted.

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      ActsIncome Tax