Denial of ITC on zero rated sales u/s. 18 of TNVAT Act 2006 needs fresh consideration: Madras HC

Tvl.Fresh and Honest Cafe Limited Vs Assistant Commissioner (ST) (Madras High Court) Madras High Court remitted the matter back for fresh consideration in the matter of denial of Input Tax Credit (ITC) on Zero Rated Sales effected under section 18 of the Tamil Nadu Value Added Tax (TNVAT) Act, 2006. Facts- The petitioner is before this Court against the Impugned Re-assessment Order dated 04.01.2022 passed by the respondent. Earlier, the Re-assessment Order came to be passed on 28.05.2015 wherein, the respondent had denied the benefit of G.O.Ms.No.36, Commercial Taxes and Registration (B2) Dep...