Why should F1 get tax exemption? SC asks Jaypee

Oct 22 2013, 08:42 IST
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SummaryThe Supreme Court on Monday sought a response from Jaypee Sports International (JSI), the organiser of the Formula 1 race in India

has been granted purely due to the fact that the Jaypee group is close to the Mayawati government.

ďFormula 1 racing is an elitist, exclusive and dangerous sport reserved for the very rich and the elite of society and did not deserve the waiving of entertainment tax,Ē he said, alleging that the policy, in the name of economic downturn and encouraging developers, was framed just to benefit the company, which did not have any mass support or popularity, and that too at the cost of the public exchequer.

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