Tata Steel files curative petition with SC over tax on mineral-bearing land

Quick Summary:

Tata Steel has captive mines in Jharkhand and Odisha.

Subsequently, Tata Steel received demands amounting to Rs 129 crore for its mines in Odisha.

The state of Odisha enacted the Orissa Rural Infrastructure and Socio-Economic Development Act, 2004 (ORISED Act), effective February 1, 2005, levying tax on mineral-bearing land.

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Article Details

Category: BusinessFinance

Markets: India

Topics: Tata Steel Mineral Taxation Supreme Court

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-01-17 @ 21:24:08 (12 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 342 words

Reading Time: 2 minutes read

Sentences: 16 lines

Sentence Length: 22 words per sentence (average)

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Copyright Owner: © Business Standard

News ID: 25221667

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