35-years, a typo, Rs 2 lakh cr liabilities: How a string of court judgements hit India’s mining sector

Quick Summary:

This case, centered on whether royalty payments should be deemed a tax, exemplifies how a single ruling—rooted in an initial clerical error—can send ripples across decades.

State of Tamil Nadu case highlights how judicial inefficiencies can significantly impact the mining sector in India.

The 35-year-long India Cement vs.

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Article Details

Author / Journalist: Shariq Khan

Category: Business

Markets: IndiaAustraliaChinaIsrael

Topics: India cements Mining Mining industry Supreme court India cement Royalty

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-12 @ 11:10:58 (6 hours ago)

News Timezone: GMT +8:00

News Source URL: economictimes.indiatimes.com

Language: English

Article Length: 2334 words

Reading Time: 13 minutes read

Sentences: 75 lines

Sentence Length: 32 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Economic Times

News ID: 24369263

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Official Website: economictimes.indiatimes.com

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