Whether an amount in the form of royalty or any other form paid/payable to the Government for assigning the rights to use of natural resources is taxable?

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The  Government   provides   license   to  various companies  including  Public  Sector  Undertakings  for exploration  of natural  resources  like oil, hydrocarbons,  iron ore, manganese,  etc.   For having  assigned  the rights to use the natural  resources,  the licensee  companies  are required to pay consideration  in the form of annual license fee, lease charges, royalty, etc to the Government….

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