The Court of Appeals has declined to hear an appeal in Matter of Bankers Trust Corp. v. Tax Appeals Tribunal, 2012 NY Slip Op 77169 (June 26, 2012). In that decision, the Appellate Division, First Department, upheld a City Tribunal decision holding that a taxpayer was not entitled to a 17% deduction under the City bank tax for interest income received from its third- and fourth-tier subsidiaries. The Court of Appeals also declined to hear an appeal in Matter of Murphy & O’Connell v. Tax Appeals Tribunal, 2012 NY Slip Op 77481 (June 28, 2012), in which the Appellate Division, First Department, held that payments made by a partnership to a pension plan for the benefit of its partners were nondeductible payments to partners for unincorporated business tax purposes.