Supreme Court · 2017 INSC 389 · Decided 24 April 2017
Formula One World Championship LTD. v. Commissioner of Income Tax, International Taxation - 3, Delhi & ANR.
- Court
- Supreme Court of India
- Citation
- 2017 INSC 389 · [2017] 2 S.C.R. 152
- Case number
- CIVIL APPEAL No. 3849/2017
- Decided
- 24 April 2017
- Bench
- A.K. SIKRI, ASHOK BHUSHAN (2-judge bench)
- Outcome
- Disposed off
- Case type
- Civil
- Acts & sections cited
- Income Tax Act Section 1
Headnote
F G H [2017] 2 S.C.R. 152 FORMULA ONE WORLD CHAMPIONSHIP LTD. v. COMMISSIONER OF INCOME TAX, INTERNATIONAL TAXATION - 3, DELHI & ANR. (Civil Appeal No. 3849 of2017) APRIL 24, 2017 [A. K. SIKRI AND ASHOK BHUSHAN, JJ.) Income Tax Act, 1961: s. 1-95 - TDS on non-residents - Appellants-FOWC, UK India event at the Buddh International Circuit in India for a consideration of US$ 40 million - FOWC, if having any Permanent Establishment in India in terms of Art. 5 - Consideration received or receivable by FOWC from Jaypee, if subject to tax at source u!s. 195 - Held: FOWC is the Commercial
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