Article 280 of the Indian Constitution provides for the Finance Commission as a quasi-judicial body. The Finance Commission is a constitutional body that plays a crucial role in the financial relations between the Union government and the state governments in India.

Role and Functions of the Finance Commission:
The Finance Commission is responsible for making recommendations on matters related to the distribution of tax revenues between the Union and the states, grants-in-aid to states, and other financial matters. Its core functions include:

1. Distribution of Taxes: The Finance Commission recommends the principles that determine the distribution of taxes between the Union and the states. It takes into account various factors such as population, income levels, area, and fiscal capacity of the states in making its recommendations.

2. Grants-in-Aid: The Commission recommends the grants-in-aid that the Union government should provide to the states. These grants are given to address the fiscal imbalances and to meet the specific needs of the states.

3. Financial Autonomy: The Finance Commission ensures the financial autonomy of the states by providing them with adequate resources to carry out their functions effectively. It aims to maintain a balance between the revenue requirements of the Union and the states.

4. Review of Fiscal Position: The Commission reviews the fiscal position of the Union and the states and suggests measures to improve the fiscal management of the country. It also examines the impact of the fiscal policies on the economy and suggests corrective measures, if required.

5. Quasi-Judicial Body: The Finance Commission is considered a quasi-judicial body because it performs its functions independently and impartially. It follows a quasi-judicial procedure while making its recommendations, taking into account the views of the Union and state governments, as well as other stakeholders.

Conclusion:
Article 280 of the Indian Constitution provides for the Finance Commission as a quasi-judicial body. The Finance Commission plays a vital role in ensuring fiscal federalism and equitable distribution of resources between the Union and the states. Its recommendations are crucial in maintaining financial stability and promoting cooperative federalism in India.