“Royalty is not within the nature of a tax”, reaffirms Supreme Court dismissing Review Petitions against Mineral Rights Judgment

Royalty Not a Tax: The Supreme Court dismissed multiple review petitions challenging its earlier ruling that royalty payments for mineral rights are not in the nature of a tax. The court reaffirmed that royalties are payments for the extraction of resources and do not qualify as a tax under legal frameworks. This decision impacts industries like mining and reaffirms the distinction between royalties and taxes, preserving the earlier judgment. The case underscores the legal interpretation of royalty payments across industries.