The Supreme Court ruled that Section 35 of the SARFAESI Act cannot override any provision of the Constitution, including special protections under Article 371A for Nagaland. The Court held that SARFAESI action taken before the Act’s adoption in Nagaland was without jurisdiction and legally invalid.
Today (1st April): The Income Tax Department has assured the Supreme Court that it will not take coercive action against the Congress party until July 2024, considering the Lok Sabha elections. This decision follows the Congress party’s claim of approximately Rs 3500 crore demand by the Income Tax Department, with no intention to recover Rs 1700 crore before the polls.
