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The correct option is B.
Article 14 of the Indian Constitution guarantees equality before the law and equal protection of the law to all persons. The provision prohibits discrimination and arbitrary treatment of individuals by the state. The limitations or provisions contained in ordinary laws cannot act as prohibitions or limitations on the constitutional powers under Article 14. In other words, the fundamental right to equality cannot be overridden by any ordinary law passed by the Parliament or state legislatures.
Option A is incorrect because Article 324 of the Indian Constitution empowers the Election Commission of India to supervise, direct, and control elections. However, the decisions taken by the Election Commission of India can be challenged in the court of law.
Option C is incorrect because the President can declare Financial Emergency only on the advice of the Cabinet.
Option D is incorrect because certain matters require the concurrence of the President of India, not the Union Legislature.