August 14, 2024 1:46 PM
States can recover past tax dues on mineral rights but not for period before April 1, 2005: Supreme Court
The Supreme Court today clarified that States can recover past tax dues on mineral rights, but not for the period before April 1, 2005. The apex court rejected the argument that its judgment delivered on July 25 upholding the powers of the States to tax mineral rights should be given prospective eff...