HC: Sets aside Revenue’s ‘non-speaking’ order for rejection of refund of ITC, remands matter

Madras HC sets aside Revenue’s order for rejection of ITC claim as devoid of proper reasoning, remands the same for fresh consideration and to pass orders in accordance with law, thus, disposes of petition; Notes that the Assessee had exported Knitwear and Knitted fabric which amounts to zero-rated supply in terms of Section 16(3) of the IGST Act, 2017 and had applied for refund of ITC u/s 54 of the CGST Act, 2017, however the claim came to be rejected through 5 orders; Con...