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SC says BIC is a permanent establishment : F1 to pay tax

Supreme Court has said that Buddh International Circuit(BIC) is a permanent establishment and that it is liable to pay taxes for the income earned in India. The judgement was delivered by a Bench of Justices AK Sikri and Ashok Bhushan yesterday. While Senior Advocate S Ganesh appeared for Formula 1/ FOWC, Senior Advocates Arvind Datar and Dushyant Dave appeared for Jaypee ... Read More »

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