https://www.taxtmi.com/caselaws?id=187930 Statutory vesting of nationalised coal mine property in a government company under the Coal Mines (Nationalisation) Act, 1973 gives the company ownership and management rights in its own capacity as a separate legal entity. Initial vesting in the Central Government does not mean that property subsequently transferred to the company remains Union property. Consequently, the constitutional protection for Union property and the municipal property-tax exemption for such property do not apply merely because the asset originated through nationalisation. Municipal property tax on the company-held property is therefore sustainable. en-us Tue, 12 Jan 1999 00:00:00 +0530 Fri, 11 Nov 2016 18:02:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=187930 Statutory vesting of nationalised coal mine property in a government company under the Coal Mines (Nationalisation) Act, 1973 gives the company ownership and management rights in its own capacity as a separate legal entity. Initial vesting in the Central Government does not mean that property subsequently transferred to the company remains Union property. Consequently, the constitutional protection for Union property and the municipal property-tax exemption for such property do not apply merely because the asset originated through nationalisation. Municipal property tax on the company-held property is therefore sustainable. Case-Laws Indian Laws Tue, 12 Jan 1999 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=187930