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of <h1>Appeal Dismissed: Sticky Loans' Interest Excluded from Income Tax</h1> <h3>Commissioner of Income-Tax Versus Benares State Bank Ltd.</h3> Commissioner of Income-Tax Versus Benares State Bank Ltd. - [2003] 264 ITR 12, 139 TAXMANN 268 The High Court of Allahabad dismissed the appeal against the Income-tax Appellate Tribunal's order related to the assessment year 1986-87. The Tribunal held that interest on sticky loans cannot be included for income-tax purposes, thus not for surtax purposes. The appeal was dismissed based on this decision.
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