https://www.taxtmi.com/caselaws?id=279168 A transfer of mining leasehold rights that merely satisfies the formal timing requirement, but is otherwise arranged to evade restrictions on transfer, assignment or sub-lease, may be treated as invalid. Where the surrounding circumstances show colourable compliance rather than a genuine permitted transfer, the Government may look beyond the form of the transaction and cancel the assignment in exercise of its supervisory authority. The stated rationale is consistency with the constitutional policy that material resources should be distributed to subserve the common good. en-us Mon, 09 Sep 1996 00:00:00 +0530 Wed, 06 Mar 2019 18:41:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=279168 A transfer of mining leasehold rights that merely satisfies the formal timing requirement, but is otherwise arranged to evade restrictions on transfer, assignment or sub-lease, may be treated as invalid. Where the surrounding circumstances show colourable compliance rather than a genuine permitted transfer, the Government may look beyond the form of the transaction and cancel the assignment in exercise of its supervisory authority. The stated rationale is consistency with the constitutional policy that material resources should be distributed to subserve the common good. Case-Laws Indian Laws Mon, 09 Sep 1996 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=279168