Interest payable by assessee when no estimate made

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..... not sent the statement referred to in that clause or the estimate in lieu of such statement referred to in sub-section (2) of that section ; or ( b ) that any such person as is referred to in clause ( b ) of sub-section (1) of section 209A has not sent the estimate referred to in that clause,] simple interest at the rate of 4 [fifteen] per cent per annum from the 1st day of April next fo .....

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..... sub-section (4) or, as the case may be, sub-section (3A)] up to the date of the regular assessment shall be payable by the assessee upon the amount by which the advance tax paid by him falls short of the assessed tax as defined in sub-section (5) of section 215.] (2) The provisions of sub-sections (2), (3) and (4) of section 215 shall apply to interest payable under this section as they apply t .....

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..... ubstituted for Income-tax by the Direct Tax Laws (Amendment) Act, 1987, w.e.f. 1-4-1988. 8. Inserted by the Finance Act, 1978, w.e.f. 1-6-1978. 9 . Substituted for twelve by the Taxation Laws (Amendment) Act, 1984, w.e.f. 1-10-1984. Earlier, twelve was substituted for nine by the Finance Act, 1972, w.e.f. 1-4-1972. 10. Substituted for sub-section by the Finance Act, 1978, w .....

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