https://www.taxtmi.com/news?id=62917 A nine-judge bench held that legislative power to tax mineral rights vests with the states and royalty is not a tax, finding Parliament lacks competence under Entry 54; a dissent viewed royalty as tax. The Centre's curative petition is pending, and listing of individual state petitions is being treated as contingent on its outcome. The prior disposition set a recovery framework with staggered payments over 12 years commencing April 1, 2026, and waiver of interest and penalty for demands before July 25, 2024. en-us Thu, 27 Nov 2025 16:16:03 +0530 Thu, 27 Nov 2025 16:16:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=62917 A nine-judge bench held that legislative power to tax mineral rights vests with the states and royalty is not a tax, finding Parliament lacks competence under Entry 54; a dissent viewed royalty as tax. The Centre's curative petition is pending, and listing of individual state petitions is being treated as contingent on its outcome. The prior disposition set a recovery framework with staggered payments over 12 years commencing April 1, 2026, and waiver of interest and penalty for demands before July 25, 2024. News - Thu, 27 Nov 2025 16:16:03 +0530 https://www.taxtmi.com/news?id=62917