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of <h1>Supreme Court Rules Interest on Suspense Accounts Assessable for Banks; Urges Swift Resolution of Pending Cases.</h1> The Supreme Court, in the case of State Bank of Travancore vs. CIT, Kerala, has confirmed that interest on sticky loans, even when credited to interest suspense accounts, is assessable for banks and financial institutions. Commissioners are instructed to compile a list of pending cases on this issue within their jurisdiction and urge the respective High Courts or Tribunals for swift resolution, following the Supreme Court's ruling.
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