Killing F1 in India

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The Supreme Court in India has ruled that  Formula One World Championship Ltd has a permanent establishment for its business in India and therefore income accruing from it is taxable. An assessment officer will now assess what the company will have to pay.   The Jaypee Group organised Formula 1 car races in Greater Noida between […]

The Supreme Court in India has ruled that  Formula One World Championship Ltd has a permanent establishment for its business in India and therefore income accruing from it is taxable. An assessment officer will now assess what the company will have to pay.   The Jaypee Group organised Formula 1 car races in Greater Noida between […]

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