How does the Supreme Court view the issue of States' power to tax mining activities as per its recent verdict
The Supreme Court has delivered a verdict on States' power to tax mining activities, providing clarity on the matter.
- The Supreme Court upheld States' power to tax mining activities as it falls within their jurisdiction to levy taxes.
- The verdict emphasized that the power to tax mining activities is an essential aspect of State governance and revenue generation.
- States have the authority to impose taxes on mining activities to regulate the industry, generate revenue, and ensure sustainable development.
- The Supreme Court decision affirmed the principle of federalism, recognizing States' autonomy in matters related to taxation within their territory.
- This verdict provides clarity and legal certainty for States to continue taxing mining activities in accordance with their respective laws and policies.
Answered
9 months ago