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Companies that undertook mergers are now stuck with tax credit issue

Companies that undertook mergers are now stuck with tax credit issue

Finance
Several companies that had initiated mergers are now facing issues in recovering tax credits due to delays in getting necessary approvals and conclusion of the process after the lockdowns disrupted the timelines. Tax credits on the amount paid to revenue authorities when the process is on are getting stuck as the tax department undertakes a detailed scrutiny in merger cases which take long to conclude. For some of the larger companies, the amount stuck in tax credit runs into hundreds of crores, say insiders. People in the know said that hundreds of companies — both with external mergers or intra-group—have been affected by this delay. Tax credit is a refund that can be set off against future tax liabilities. “In case of merger, there is a gap between appointed date and effective date. T...
Turkey deports suspected Islamic State fighter to U.S. after he was ‘stuck’ at Greek border

Turkey deports suspected Islamic State fighter to U.S. after he was ‘stuck’ at Greek border

World
Nov. 15 (UPI) -- Turkey deported an American suspected Islamic State fighter to the United States after the man was held in limbo at the Turkey-Greece border, Turkish officials announced Friday. Turkey-supported forces captured Muhammad Darwish Bassam, 39, who is of Jordanian descent, in October during Turkey's military offensive in Syria. Turkey initially sent Bassam to Greece, his country of choice, but Greece denied him entry. Turkish Interior Minister Suleyman Soylu said Bassam was "stuck" between Turkey and Greece. The United States also initially refused him, but later approved the deportation. "Upon the commitment of the USA to issue a travel document, necessary procedures have been initiated to send the foreign terrorist fighter to the USA," the Turkish Interior Ministry said. Tu...
Obituary: Georges Brossard, the man who stuck up for insects

Obituary: Georges Brossard, the man who stuck up for insects

Science
Georges Brossard dedicated his life to helping humans appreciate the underappreciated world of insects.Brossard, who has died aged 79, gave up a career in law to travel the world and collect more than 250,000 specimens, a collection that would eventually become one of Montreal's most visited tourist attractions.He inspired millions through regular TV appearances, raising the profile of tiny creatures he believed were misunderstood and undervalued in human society.One particular journey to find a rare insect - an extraordinary trip into the Mexican rainforest - would go on to inspire a film. Georges Brossard was born in 1940 into a farming family in La Prairie, Quebec. His father, Georges-Henri, f...
Dogs stuck in the middle of the canine social ladder show more aggression

Dogs stuck in the middle of the canine social ladder show more aggression

Science
July 3 (UPI) -- For dogs stuck on the middle rungs of their social ladder, life is especially tough. Dogs in the middle of the pack -- not top dog, not the runt -- tend to behave more aggressively toward one another. Most theories of aggression among social hierarchies hold that aggression levels increase the higher up the social ladder one climbs. But when researchers tracked a group of free-roaming mutts in the suburbs of Rome, they found surprisingly low levels of aggressive behavior by the most dominant dogs. Instead, scientists found slightly less dominant dogs demonstrated the highest levels of aggression. "Our results reveal the unavoidable costs of climbing a dominance hierarchy," Matthew Silk, of the Environment and Sustainability Institute at the University of Exeter, said in a...