Home Case Index All Cases Income Tax Income Tax + HC Income Tax - 1996 (4) TMI HC This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
1996 (4) TMI 14 - HC - Income TaxExtract: .......e opinion that cess on royalty cannot be sustained under entry 49 of List II as being a tax on land. Royalty on mineral rights is not a tax on land but a payment for the user of land. In this view of the matter, the view taken by the Tribunal appears to be incorrect. Hence, we answer this reference against the assessee and in favour of the Revenue.
|