Day-3 | 9-Judge Bench | Supreme Court: “Parliament Lacks Authority to Levy Tax on Mineral Rights, States Retain Power”

Day-3 | 9-Judge Bench- The Supreme Court clarified that the power to impose a tax on mineral rights lies with the states, not the Parliament, and emphasized the need to preserve this authority. The court is deliberating on whether the royalty collected by the Centre on mining leases qualifies as a tax. The hearing will resume on March 5.