SHORT ANSWER:
The Supreme Court ruled that political parties must disclose their funding sources and maintain transparency in their financial dealings.
DETAILS:
- The ruling emphasized the need for transparency in political funding to ensure free and fair elections.
- It mandated that political parties file annual financial statements with the Election Commission of India.
PUNISHMENT / IMPLICATIONS (if applicable):
- Non-compliance can lead to penalties and restrictions on contesting elections.
SOURCE:
- Supreme Court Judgment, Association for Democratic Reforms v. Union of India
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