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![Amount Received for Promotion of Formula One Event is Taxable in India: SC upholds Delhi HC Judgment [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2016/12/Formula-One-Tax-Scan.jpg "Amount Received for Promotion of Formula One Event is Taxable in India: SC upholds Delhi HC Judgment [Read Judgment]")
Amount Received for Promotion of Formula One Event is Taxable in India: SC upholds Delhi HC Judgment [Read Judgment]
In a significant ruling, Supreme Court of India upheld the Delhi High Court Judgment that, the consideration received by the Formula One Asset...