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![Interest on Secured Loans are Deductible under the Income Tax Act: ITAT Kolkata [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/01/Interest-on-Secured-Loans-Taxscan.jpg "Interest on Secured Loans are Deductible under the Income Tax Act: ITAT Kolkata [Read Order]")
Interest on Secured Loans are Deductible under the Income Tax Act: ITAT Kolkata [Read Order]
In the case M/s. Prakash Distillery & Chemical Co. Pvt. Limited v. DCIT, the division bench of the ITAT, Kolkata held that the assessee-company is...