Article 288 of Constitution of India "Exemption from taxation by States in respect of water or electricity in certain cases"
(1) Save in so far as the President may by order
otherwise provide, no law of a State in force immediately
before the commencement of this Constitution shall impose,
or authorise the imposition of, a tax in respect of any
water or electricity stored, generated, consumed,
distributed or sold by any authority established by any
existing law or any law made by Parliament for regulating or
developing any inter-State river or river-valley.
Explanation.- The expression "law of a State in force" in this clause shall include a law of a State passed or made before the commencement of this Constitution and not previously repealed, notwithstanding that it or parts of it may not be then in operation either at all or in particular areas.
(2) The Legislature of a State may by law impose, or authorise the imposition of, any such tax as is mentioned in clause (1), but no such law shall have any effect unless it has, after having been reserved for the consideration of the President received his assent; and if any such law provides for the fixation of the rates and other incidents of such tax by means of rules or orders to be made under the law by any authority, the law shall provide for the previous consent of the President being obtained to the making of any such rule or order.
Article 289 of Constitution of India "Exemption of property and income of a State from Union taxation"
(1) The property and income of a State shall be exempt
from Union taxation.
(2) Nothing in clause (1) shall prevent the Union from imposing, or authorising the imposition of, any tax to such extent, if any, as Parliament may by law provide in respect of a trade or business of any kind carried on by, or on behalf of, the Government of a State, or any operations connected therewith, or any property used or occupied for the purposes of such trade or business, or any income accruing or arising in connection therewith.
(3)Nothing in clause (2) shall apply to any trade or business, or to any class of trade or business, which Parliament may by law declare to be incidental to the ordinary functions of government.
What is the Expenditure defrayable by the Union or a State out of its revenues? What are Custody, etc. of Consolidated Funds, Contingency Funds and moneys credited to the public accounts? Article 282 and 283 of Constitution of India, 1949
What is the method for Custody of suitors deposits and other moneys received by public servants an courts? What is the rule for Exemption of property of the Union from State taxation? Article 284 and 285 of Constitution of India, 1949
What are the Exemption from taxation by States in respect of water or electricity in certain cases? What is the Exemption of property and income of a State from Union taxation? Article 288 and 289 of Constitution of India, 1949
What is the Succession to property, assets, rights, liabilities and obligations in certain cases.- from the commencement of this Constitution? What is Succession to property, assets, rights, liabilities and obligations in other cases.- (1) As from the commencement of this Constitution? Article 294 and 295 of Constitution of India, 1949
What is the Property accruing by escheat or lapse or as bona vacantia? What is the meaning of Things of value within territorial waters or continental shelf and resources of the exclusive economic zone to vest in the Union? Article 296 and 297 of Constitution of India, 1949