Supreme Court dismisses appeals on interest income from sticky advances for assessment year 1968-69

The Supreme Court dismissed the appeals on the issue of whether interest on sticky advances constitutes income for the assessment year 1968-69, relying on the majority decision in State Bank of Travancore v. CIT [1986] 158 ITR 102. No costs were awarded in this case.

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The Supreme Court dismissed the appeals regarding whether interest on sticky advances is income for the assessment year 1968-69, citing the majority view in State Bank of Travancore v. CIT [1986] 158 ITR 102. No costs were awarded.

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