SC dismisses review petition, upholds the State’s right to tax mines

The SC upheld it’s judgement upholding state’s right to tax mines and quarries. On July 25,  the Bench ruled that the power to tax mines and quarries is not the exclusive power of the Parliament. A review petition was filed against the judgement and the review Bench reiterated the same. The Apex Court pointed out that state’s liberty to tax mines is a part of fiscal federalist principle of governance. The Court also ruled that royalty paid to States by mining lease holders was not tax.