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Tax on mineral-bearing lands
December 16 , 2024
11 days
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- The Tamil Nadu Legislative Assembly adopted a Bill that seeks to levy tax on mineral-bearing lands.
- The government hoped to augment its revenue through this legislation.
- The Supreme Court had earlier this year held that the minerals-bearing land fell within the description of ‘lands’ under Entry 49 of List II of the Seventh Schedule.
- So, the State Legislatures have the legislative competence under Article 29 to tax on lands, which comprises of mines and quarries.
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