Page 40 - Finance Act News Today

The CPI(M) in February 2018, moved the apex court saying that the Union Government’s decision to introduce an electoral bond scheme ‘undermines democracy’ and that it will ‘lead to greater political corruption’.

The Court said the scheme violates the right to information. It rejected almost every argument of the government's lawyers with hard-hitting remarks like 'Constitution does not turn a blind eye only because there is a possibility of misuse'

In a landmark verdict today, the Supreme Court struck down the controversial electoral bonds scheme as unconstitutional, holding that the anonymity conferred by electoral bonds violates the right to...

NEW DELHI — In a unanimous verdict, a 5-judge Constitution Bench of the Supreme Court on Thursday struck down the electoral bonds scheme 2018 as

The Calcutta High Court has held that if the provisions of the old regime of Section 148 of the Income Tax Act, including Taxation and other Laws (Relaxation and Amendment of Certain Provisions) Act,...

New Delhi, February 15 (IANS) In a unanimous verdict, a 5-judge Constitution Bench of the Supreme Court on Thursday struck down the electoral bonds scheme 2018 as unconstitutional.

Under the electoral bonds scheme, ruling parties can coerce people and entities to contribute, the apex court said and rejected as 'errorneous' the Centre's argument that it protects confidentiality of the contributor which is akin to the system of secret ballot

The constitution bench further held that the “deletion of the provision to Section 182(1) of the Companies Act permitting unlimited corporate contributions to political parties is arbitrary and violative of Article 14.”

The poll panel said on May 26, 2017, it had written to the Ministry of Law and Justice about its views that the changes made in the Income Tax Act, the Representation of the People Act and the Finance Act would be against the endeavour to have transparency in the funding of political parties

EC had, in 2019, flagged its concerns in SC on the changes made in several laws relating to political funding to facilitate electoral bonds scheme