India

Supreme Court Reserves Decision On Tax Collection for Mineral Wealth

The Supreme Court has reserved its decision after hearing arguments on the implications of the Constitution Bench’s ruling on tax collection from mineral wealth. During the hearing, the Central Government warned the court that applying dues retrospectively would have a multipolar effect.

On July 25, a 9-member Constitution Bench, led by the Chief Justice of India, delivered a landmark verdict. The bench affirmed that states have the power to levy taxes on mineral-rich land, overturning an earlier Supreme Court order. The bench’s 8-1 majority decision declared that royalty is not a tax, confirming states’ rights to impose levies on mining and mineral-use activities.

Solicitor General Tushar Mehta argued that states should seek payments from the Centre rather than from any Public Sector Undertakings or other entities, to maintain equity. Attorney General R. Venkataraman emphasized that the mining sector’s stability is crucial, as it affects the entire economy.

Chief Justice of India stated that a standard should be adopted to prevent further litigation and ensure stability in industrial and related matters. The interim decision followed for the past 35 years underscored the need for a definitive resolution.

Also Read: Patiala House Court Reserves Decision On Pooja Khedkar’s Anticipatory Bail Plea In UPSC Fraud Case

Gopal Krishna

Recent Posts

RG Kar Case: Junior Doctors In West Bengal Protest Alleged Gaps In CBI Chargesheet

Junior doctors in WB protested Tuesday over alleged flaws in the CBI chargesheet on their…

10 mins ago

Supreme Court Upholds Uttar Pradesh Madrasa Education Act; Sets Limits On Higher Education Regulation

The SC upheld the UP Board of Madrasa Education Act, 2004, reversing the Allahabad High…

32 mins ago

How US Presidential Election Is Conducted – Explained

The US presidential election is a complex, multi-step process that involves both voters and an…

58 mins ago

Mumbai Police Uncover Connections & Weapons In Baba Siddiqui Murder Investigation

The Mumbai Police disclosed that the firearms used to assassinate late NCP leader Baba Siddiqui…

2 hours ago

Mumbai Police Investigate New Death Threat Against Salman Khan Linked To Gangster Lawrence Bishnoi

Mumbai Police is investigating a threatening message directed at actor Salman Khan, allegedly originating from…

2 hours ago

Uttar Pradesh Government To Tighten Control Over DGP Appointment Before By-Elections

Ahead of the by-elections, CM Yogi Adityanath's government in Uttar Pradesh will take greater control…

3 hours ago