Tuesday, 18 October 2011

Formula 1 event: Supreme Court notice to UP government on granting tax exemption



Supreme Court has given a notice to Uttar Pradesh government seeking a reply from them as to why the event, Formula 1 is given a Tax exemption.

The committee headed by Justice DK Jain also issued notice to Jaypee Group, which is the sole organizer of the event in India seeking a reply from them too as to why were they given a tax exemption. The Supreme Court has also ordered them to give their reply by Friday.

The India's first MotorSport event is scheduled on 30th October 2011, just 10 days remaining.

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