SC says its 1989 verdict ‘incorrect’, holds ‘royalty payable on minerals not a tax
Himalaya Harbinger, Rudrapur Bureau The case that pertained to whether a ‘royalty’ was a tax also dealt with if a state could levy a tax on the mining of minerals or if its power is limited under Section 9 of the Mines and Minerals (Development and Regulation) Act. The nine-judge Bench of the Supreme Court…