SC issues notice to Centre, EC, 12 political parties over PIL against tax exemption on anonymous cash donations below Rs 2,000 - The Tribune

Contributing sentiments towards policy:

52% : It has also sought a direction to the Central Board of Direct Taxes (CBDT) to scrutinise the income tax returns and audit reports filed by political parties under Sections 142 and 143 of the Income Tax Act for the last five years.
50% : The Supreme Court on Monday issued notices to the Centre, the Election Commission and 12 political parties on a PIL challenging the validity of an Income Tax Act provision that allowed political parties to receive "anonymous" cash donations below Rs 2,000.
50% : Filed by one Khem Singh Bhati, the PIL urged the top court to declare clause (d) of Section 13A of the Income Tax Act, 1961 unconstitutional and direct the poll panel to scrutinise Form 24A contribution reports of all recognised political parties at the national and state level and to require them to deposit the amount received by way of contributions for which address and/or PAN had not been furnished.
48% : A Bench of Justice Vikram Nath and Justice Sandeep Mehta asked the Centre, the Central Board of Direct Taxes, the EC, BJP, Congress and 10 other political parties to respond to the PIL and posted the matter for hearing after four weeks.
47% : "Thus, with the advent of UPI revolution in the country, permitting exemption of income received by way of contribution in cash below Rs 2,000 under Section 13A(d) of the Income Tax Act, 1961, can no more be justified and is manifestly arbitrary and has no nexus to the object of maintaining transparency in the funding of political parties," the PIL submitted.
42% : The plea said that the CBDT should be directed to initiate appropriate proceedings for the levy of tax, penalty and prosecution for failure to comply with the requirements of Section 13A of the Income Tax Act read with Section 29C of the Representation of the People Act, 1951.

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