Supreme Court of India upholds July 25 ruling, allowing states to tax mineral rights.
The Supreme Court of India has upheld its July 25 ruling allowing state legislatures to tax mineral rights, dismissing petitions for review. The court emphasized that the power to impose taxes on mineral lands lies with the states, not Parliament. Additionally, it clarified that royalty payments to states are not classified as taxes. This decision enhances states' fiscal autonomy, particularly benefiting mineral-rich regions, while raising concerns about potential financial impacts on the public sector.
October 04, 2024
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