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23
December 2016
The
Supreme Court on Friday refused an urgent hearing of a PIL challenging a
provision of the Income Tax Act exempting political parties from disclosing the
identity of the doners contributing upto Rs 20,000. The Total Investment & Insurance Solutions
Directing
the listing of the PIL on January 11, a vacation bench of Justice Ashok Bhushan
and Justice L. Nageswara Rao querried petitioner, lawyer M.L. Sharma about the
urgency as the provision has been part of the Income Tax Act since 1961. The Total Investment & Insurance
Solutions
As
Sharma pressed for an urgent hearing, contending that political parties were
taking advantage of demonetisation and large deposits of upto Rs 20,000 were
being made in their accounts, the bench said that the law is in operation for
last 50 years and what was happening was that only deposits are being made. The Total Investment & Insurance
Solutions
Not
persuaded by Sharma's plea that political party would withdrew the money so
deposited, the bench directed the listing of the matter on January 11,
declining the plea for a hearing on January 3.
Sharma
has sought the quashing of Section 13A of the Income Tax Act, 1961, and Section
29 of the Representation of the People Act, 1951 as being illegal,
unconstitutional, mala fide and against the national interest. The Total Investment & Insurance
Solutions
His
plea has also sought issuance of directions to Central Bureau of Investigation
to register a case under Prevention of Money Laundering Act and probe the
funding of the political parties and the alleged swelling of their coffers in
the wake of demonetisation. The Total Investment
& Insurance Solutions
Sharma
has also urged the court to monitor the probe by the investigating agencies.
He
contended that this was a clear case of violation of the Constitution's Article
14 (equality before law) as it amounted to double standards by the the central
government vis-a-vis common man when it comes to unearthing black money. The Total Investment & Insurance
Solutions
While
the common men is supposed to "bare it all, answer questions, face
harassment even if his money is legitimate but politician enjoys a God-given
immunity", he said in his PIL.The
Total Investment & Insurance Solutions
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