The Supreme Court ruled on Wednesday that states with abundant mineral resources can collect backdated royalties and taxes on mines and mineral-bearing lands, starting from April 1, 2005. These payments are to... Read more »
The Supreme Court, in a landmark judgment, affirmed that savings accrued from interest-free loans extended by employers are subject to taxation. This ruling solidifies the legitimacy of Section 17(2)(viii) of the Income... Read more »