SC agrees to hear plea against Formula 1 race tomorrow

Image
Press Trust of India New Delhi
Last Updated : Oct 24 2013 | 1:01 PM IST
Two days ahead of the Formula 1 race in Greater Noida, a petition seeking to stay the mega event was today filed before the Supreme Court which agreed to hear it tomorrow.
A bench headed by Chief Justice P Sathasivam, before whom the matter was mentioned, said the plea will be heard tomorrow.
The petition has been filed by one Amit Kumar seeking the court's direction to stay the event, to be held on Saturday in Greater Noida, on the ground that the organiser has not paid the entire tax amount to the Uttar Pradesh government for first Formula 1 race held in 2011.
The Akhilesh Yadav government had recently approached the apex court seeking its permission to withdraw the June 27, 2011 decision of the then UP government headed by Mayawati granting exemption to Jaypee Group from entertainment tax.
It sought that the company be directed to pay entire amount of entertainment tax due to it for the 2011 formula 1 race.
Kumar had earlier in 2011 also filed a petition in the apex court challenging exemption of entertainment tax given by the then BSP government in UP for the event and the apex court in its interim order on October 21, 2011, had directed the Jaypee Group to deposit 25 per cent of sale proceeds from tickets in a separate account which would not be operated without its permission.
India's first Formula 1 event was held in Greater Noida, near national capital, on October 30, 2011.
*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Oct 24 2013 | 1:01 PM IST

Next Story