Supreme Court Clarifies When to Apply Doctrine of Prospective Overruling

In a pivotal decision, the Supreme Court of India has addressed the complexities surrounding taxation and royalty through its judgment in the case of Mineral Area Development Authority v. M/S Steel Authority Of India & Ors (CA No. 4056/1999). The Court’s ruling provides clarity on the application of doctrine of prospective overruling, impacting both legislative powers and financial obligations of state governments. Case Overview Mineral Area Development Authority (MADA) challenged…