https://www.taxtmi.com/caselaws?id=160040 Royalty and dead rent payable under statutory mining lease deeds were characterised by the HC as payments under the lease scheme rather than consideration for a sale of minerals. Royalty was linked to minerals actually extracted, while dead rent was a fixed sum payable regardless of extraction; on that basis, neither amount constituted taxable sale consideration. Sales tax was therefore held not leviable on either royalty or dead rent, and the petitioners succeeded. en-us Wed, 03 Nov 1999 00:00:00 +0530 Sat, 07 Dec 2013 15:32:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=160040 Royalty and dead rent payable under statutory mining lease deeds were characterised by the HC as payments under the lease scheme rather than consideration for a sale of minerals. Royalty was linked to minerals actually extracted, while dead rent was a fixed sum payable regardless of extraction; on that basis, neither amount constituted taxable sale consideration. Sales tax was therefore held not leviable on either royalty or dead rent, and the petitioners succeeded. Case-Laws VAT and Sales Tax Wed, 03 Nov 1999 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=160040