Section 84 - Substitution of new section for section 218 - Direct Tax Laws (Amendment) Act, 1987

84. Substitution of new section for section 218. For section 218 of the Income-tax Act. the following section shall be substituted with effect from the 1st day of April, 1988, namely :- 218. When assessee deemed to be in default If any assessee does not pay on the date specified in sub-section (1) of section 211, any instalment of advance tax that he is required to pay by an order of the Assessing Officer under sub-section (3) or sub-section (4) of section 210 and does not, on or before the date on which any such instalment as is not paid becomes due, send to the Assessing Officer an intimation under sub-section (5) of section 210 or does not pay on the basis of his estimate of his current income the advance tax payable by him under sub-section (6) of section 210, he shall be deemed to be an assessee in default in respect of such instalment or instalments. .