Business News
Centre seeks tough action from Google, Twitter, Facebook on fake news (Feb 3,2022)
In a meeting with Google, Twitter and Facebook, Ministry of Information and Broadcasting (I&B) officials slammed the tech giants for not proactively removing what they described as fake news on their platforms and asked them to take immediate action. The officials said that the inaction from the tech giants on fake news was forcing the Indian government to order content takedowns. This in turn is having a negative impact on the image of the government who is drawing a flak from within and outside saying it was suppressing free 
expression.
Insolvency and Bankruptcy Board of India 
Appointment of Dr. Anuradha Guru ex-officio member in the Insolvency and Bankruptcy Board of India (Feb 02, 2022)
In exercise of the powers conferred by clause (b) of sub-section (1) of section 189 of the Insolvency and Bankruptcy Code, 2016, and pursuant to Ministry of Corporate Affairs notification dated January 28, 2022 , the Central Government appointed Dr. Anuradha Guru, Economic Adviser, Ministry of Corporate Affairs (MCA) as ex-officio member in the Insolvency and Bankruptcy Board of India to represent the MCA in the Board.
Pronouncement
Colgate Global Business Services Pvt. Ltd. vs. Union of India, Bombay High Court (January 25, 2022)
Application for GST refund cannot be rejected without recording any reasons as the same is mandatory under Rule 92(3) of the Central Goods and Services Tax Rules, 2017 
Judgment:
  • The Bombay High Court has quashed an order by the GST authorities which had rejected the refund claim of Colgate Global Business Services Ltd. The court has set aside the order since the Deputy Commissioner of state tax did not provide any reasons while rejecting the order. 
  • The court said providing reasons is mandatory under Rule 92(3) under the Central Goods and Services Tax Rules, 2017. As such the order passed by the tax official was in breach of this provision and deserves to be set aside.
 

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