Significance of Supreme Court judgement on the Income Tax Returns of political parties:
The judgement compelling political parties to file their income tax return in time would have effect of checking the flow of black money for power, money and muscles politics.
i. It will also curb uncontrolled use of money through party funds for election propaganda.
ii. Industrialists and businessmen, distributing black money to political parties for influencing their decision will also be controlled by such returns.