Race car circuit constitutes “fixed place PE” under the India-United Kingdom income tax treaty: The Supreme Court of India held that an international circuit constitutes fixed place of business under the India-UK income tax treaty, since the circuit was under the control and at the disposal of the taxpayer. The case is: Formula One World Championship Ltd. Read an April 2017 report [PDF 441 KB] of KPMG
Race car circuit constitutes “fixed place PE” under India-United Kingdom income tax treaty:
(Last Updated On: April 29, 2017)