Question
In which of the following cases did the Supreme Court of
India first articulate the concept of the creamy layer?ĀSolution
A parliamentary committee on the welfare of Other Backward Classes recommended raising the ā¹8 lakh income limit for ācreamy layerā within OBCs. Creamy Layer PrincipleĀ ā¢ It is a concept used to ensure that reservations in educational institutions and government jobs are extended to those who are economically and socially disadvantaged within a certain group. Ā It aims to prevent the more affluent or advantaged members of a reserved category from availing themselves of these benefits.Ā ā¢ Origin: The concept was first articulated by the Supreme Court of India in the Indra Sawhney case (1992), also known as the Mandal Commission case. The Courtās ruling emphasized that within the OBC (Other Backward Classes) category, those who are relatively more privileged should not benefit from reservations.
When profits as per cost accounts differ from financial accounts, the difference may be due to:
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Interest payable on the bonds is a/an _______
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The point at which the liability to charge tax arises is called as theĀ Ā
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