SC wants separate account for F1 entertainment tax

Last updated: 22 October 2011

Jaypee Sports International Ltd, organizer of Indias firstFormula One(F1) Grand Prix, was directed by the Supreme Court on Friday to deposit 25% of ticket sale receipts in a separate account. The court passed the interim order in response to a public interest litigation, which claimed that
Daily Limit Reached

You have reached your daily limit of 2 Free News

Subscribe to CCI PRO for unlimited access

Why Upgrade to CCI PRO?
  • No Ads
  • WhatsApp Broadcasts
  • Daily E-Newsletter
  • Unlimited News Access
BEST VALUE
2 YEAR PLAN
3,499
(Inclusive of GST)
1 YEAR PLAN
1,999
(Inclusive of GST)
View all CCI PRO benfits

Already a PRO member? Login here for an ad-free experience.



Guest

News posted by

Finance news reporter covering taxation, GST, income tax, business compliance, and economy updates. I simplify complex financial topics into easy-to-understand articles for professionals, taxpayers, and business owners on leading finance and tax platforms.

Recent News :

  1. UPI Transactions May Attract Charges in Future as Lok Sabha Passes Taxation Amendment Bill
  2. ICAI Hosts Multipurpose Empanelment Form (MEF) 2026-27
  3. Income Tax Department Releases ITR-6 Excel Utility, JSON Schema and Validation Rules for AY 2026-27
  4. Centre Exempts Banks from Section 15(1) Restriction on Unamortized EIR Expenditure
  5. ICAI Publishes 77th Annual Report and Accounts of the Institute for the year 2025-26
  6. RBI Keeps Repo Rate Unchanged at 5.25%
  7. MCA Extends Registration Deadline for 'Corporate Mitra' Course for North East Candidates Till 14th Aug 2026
  8. FM Sitharaman Introduces Appropriation (No. 3) Bill, 2026 in Lok Sabha
  9. Government Boosts MSME Financing Through SIDBI and ECLGS 5.0
  10. CBDT Releases FAQs on Taxation and Other Laws (Amendment) Bill, 2026

More »


Popular News




Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Pro Member TaxletTaxletPro Member ALOK AGRAWALALOK AGRAWALPro Member sai sruthisai sruthiPro Member Leena RachhLeena RachhPro Member adarsh chaturvediadarsh chaturvedi
Subscribe to Pro
Join an elite circle of professionals


Browse by Category