The Supreme Court declined to exercise its jurisdiction under...

The Supreme Court declined to exercise its jurisdiction under Article 32 of the Constitution to challenge the constitutionality of the Electoral Bond Scheme and related amendments to various statutes such as the Representation of the People Act 1951, the Companies Act 2017, and the Income Tax Act 1961. The Court held that it would be premature and inappropriate to intervene at this stage, as normal legal remedies available under the law have not been exhausted. Allegations of criminal wrongdoing should be pursued through appropriate legal channels rather than directly invoking the Court's jurisdiction. Matters pertaining to income tax assessments fall under the statutory jurisdiction of assessing authorities. The Court dismissed the petitions, stating that the only remedy for challenging legislative changes lies in invoking the power of judicial review after exhausting other available legal remedies.