Constitutionality of Securities Transaction Tax under SC scrutiny

The Supreme Court issued notice to the Centre on a plea challenging the constitutionality of the Securities Transaction Tax (STT). Petitioners argue that STT imposes an unreasonable burden on investors and traders, questioning its legislative competence. The case raises fundamental questions on fiscal policy, taxation powers, and investor rights. The outcome may have far-reaching consequences on securities markets and government revenues. The matter underscores the judiciary’s role in balancing revenue considerations with constitutional guarantees of equality and fairness in taxation.