Answer: (Detailed Solution Below)
Option C: It has the power to punish for its contempt.
Detailed Solution:
The correct answer is “It has the power to punish for its contempt. ”.
The Supreme Court of India is a "Court of Record" as per Article 129 of the Constitution of India. This means that the Supreme Court has two powers:
1) The Supreme Court records its judgments, proceedings, and acts for testimony and permanent memory. These records are considered to have evidentiary value and cannot be questioned when presented in any court.
2) The Supreme Court has the power to punish for contempt of its decisions, either with a fine or up to six months in simple imprisonment.