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Article 246 of the Constitution serves a specific structural role in the Indian tax framework. Which statement best captures that role?
Answer & Solution
Correct answer: C.
1. The lesson cites Article 246 alongside Article 265 as a constitutional anchor of taxation.
2. Article 246 distributes legislative powers, including taxation, between Parliament and State Legislatures.
3. It does not levy any specific tax or fix any tax rate by itself.
4. The CBDT is a creature of the Central Board of Revenue Act, 1963, not Article 246.
_Source: ICSI CS Executive Paper 4 (Tax Laws) — Lesson 1: Direct Taxes — At a Glance, pp. 10-22._
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