![](/wp-content/uploads/2021/12/MicrosoftTeams-image-132-1-440x293.jpg)
Permanent establishment
![](/wp-content/uploads/2021/12/MicrosoftTeams-image-132-1-440x293.jpg)
![](/wp-content/uploads/2018/05/Tax_Permanent-Establishment-440x293.jpg)
![](/wp-content/uploads/2015/11/DSC_5487-440x293.jpg)
Formula One liable to taxation for the business conducted though it’s permanent establishment i.e. Buddh International Circuit
Supreme Court: Holding that Formula One World Championship Limited (FOWC) is liable to taxation for organising the Formula One Grand Prix of