Services from SEZ Qualify as Exports; Section 10AA Deduction Allowed: ITAT Chennai

YCH Logistics India Private Ltd. Vs ACIT (ITAT Chennai)

Background of the Case

– YCH Logistics India Private Ltd is a wholly owned subsidiary of YCH Group Pte. Limited, Singapore, engaged in providing warehousing, transportation, supply chain management, and vendor managed inventory services from a unit set up in a Special Economic Zone (SEZ).

– The company filed its Return of Income for the assessment year 2012-13, reporting a total loss of Rs. 6,45,33,354.

– The case was selected for scrutiny, leading to adjustments made by

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