Supreme Court dismisses contempt petition after Indian government amends Income Tax Act provision, resolving concerns.

The SC dismissed a contempt petition concerning a directive to the Union of India to reconsider an Income Tax Act provision. The Union amended the provision prospectively, resolving the petitioner's concerns. The SC found no contempt by the Life Insurance Corporation of India and concluded the proceedings, closing the petition.

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The Supreme Court dismissed a contempt petition related to an order urging the Union of India to reconsider a provision in the Income Tax Act. The Union of India has since amended the provision, addressing the petitioner's grievance with prospective effect. The Court found no contempt against the Life Insurance Corporation of India and closed the petition.

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