Supreme Court Dismisses Review Petitions Against Judgment Allowing States To Tax Mineral Rights; Justice Nagarathna Dissents

The Supreme Court dismissed review petitions challenging a decision that allows state governments to levy taxes on mineral rights. The original judgment, delivered in 2021, granted states the authority to impose taxes on mineral royalties, sparking objections from mining companies and state governments. Justice Nagarathna dissented, arguing that the judgment could disrupt the balance of fiscal federalism. Despite the dissent, the majority upheld the state's power to tax mineral resources, a significant ruling with broad fiscal implications for resource-rich states.