Article 289 of CoI : Article 289: Exemption of property and income of a State from Union taxation.
CoI
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Explanation using Example
Example 1:
The Government of Maharashtra owns several buildings and land parcels across the state. According to Article 289(1) of the Constitution of India, the income generated from these properties, such as rent from government buildings, is exempt from Union taxation. This means that the Central Government cannot impose income tax on the revenue generated from these properties.
Example 2:
The Government of Karnataka runs a state-owned enterprise, Karnataka State Beverages Corporation Limited (KSBCL), which is...
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