Judgment on States' right to levy tax on mining to apply retrospectively from 2005: Supreme Court

The Supreme Court ruled that states have the right to levy taxes on mining activities retrospectively from 2005. This decision came after a challenge to the retrospective application of a mining tax imposed by a state government. The ruling clarifies the powers of states in taxation matters, particularly in the context of natural resource extraction, and upholds the principle that tax laws can have retrospective effect if clearly stated.