Description
We bring to you the second publication of our October 2024 edition of the nota bene Update
The Hon’ble Supreme Court, in Mineral Area Development Authority & Anr. v. M/S Steel Authority of India recently held that states are conferred with legislative competence to tax mineral rights. In this edition of nota bene, we have endeavoured to summarise the nine-judge bench decision, with special focus on the potential impacts of the landmark decision on industries and revenue generation of states.
We hope you enjoy reading this edition!
