Govt announces relaxation in tax regime for companies in insolvency resolution process – Economic Times

NEW DELHI: Keen to minimise hardship faced by companies going in for insolvency resolution, the government will from financial year 2017-18 allow a company to reduce amount of total loss brought forward including unabsorbed depreciation from the book profit for the purposes of levy of minimum alternate tax. This facility would be available only for…

Bankrupt property tycoon avoids jail for £20k benefits fraud – Belfast Telegraph

Bankrupt property tycoon avoids jail for £20k benefits fraud BelfastTelegraph.co.uk A Belfast man who owed the bank millions as a result of the property crash appeared in court for a case cited by a judge as a “modern day tragedy”. https://www.belfasttelegraph.co.uk/news/northern-ireland/bankrupt-property-tycoon-avoids-jail-for-20k-benefits-fraud-36462198.html https://www.belfasttelegraph.co.uk/incoming/article36462788.ece/4ac84/AUTOCROP/h342/judge.jpg Email A Belfast man who owed the bank millions as a result of…