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<h1>High Court dismisses application on interest under Income-tax Act; Tribunal's decision upheld.</h1> <h3>Commissioner Of Income-Tax Versus Babcock And Wilcox Of India Limited</h3> Commissioner Of Income-Tax Versus Babcock And Wilcox Of India Limited - [1989] 175 ITR 511, 57 CTR 289, 29 TAXMANN 431 The High Court of Calcutta dismissed an application seeking a direction to refer a question of law to the court regarding the charging of interest under section 139(8) of the Income-tax Act. The court found the question to be academic as the entire order of rectification, including the interest, had been cancelled by the Commissioner of Income-tax (Appeals) and upheld by the Tribunal. The appeal of the Revenue was rejected, and the application was dismissed with no order as to costs.