In Brief
A citizen challenged provisions of the Finance Act, 2016 (Pradhan Mantri Garib Kalyan Yojana scheme) that imposed penalties, surcharges, and a four-year lock-in on 25% of disclosed undisclosed income. He argued the government should instead charge tax without penalties and credit half the revenue to honest taxpayers. The Supreme Court held it cannot intervene in policy-making or suggest alternative policies merely because they might be more effective. The Court's role is limited to examining constitutional validity, not proposing better policies. The petition was dismissed."
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