Mining companies stare at 1.5 lakh crore hit from SC’s retro tax order
NEW DELHI/MUMBAI: Public and private sector mining companies are staring at Rs 1.5 lakh crore arrears after the Supreme Court on Wednesday allowed states to collect royalty and tax on mineral-bearing land retrospectively from April 1, 2005.Govt sources said the judgement’s impact on the sector and its investment prospects as well as policy issues will … Read more