Formula One’s income taxable in India, rules Supreme Court Lena Angvik May 02 2017 X LinkedIn Email Show more sharing options Copy Link URLCopied! Print X LinkedIn Email India’s Supreme Court has ruled that Formula One has a permanent establishment in India in a big victory for the country’s income tax department. Unlock this content. The content you are trying to view is exclusive to our subscribers. To unlock this content: Take a Free Trial or Login