Formula One Car Racing Income Taxable In India: SC

RELEVANT EXTRACT OF THE JUDGMENT

65) We have pondered over the aforesaid submissions of the learned counsel for the parties with all seriousness and sincerity they deserve. We have also minutely gone through the material placed on record. We have kept in mind the governing law that has already been stated in detail. We are also conscious of the approach that is needed to examine these kinds of issues, as discussed in the judgements referred to by Mr. Dav

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