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of <h1>Taxation Laws (Amendment) Act, 1984: Changes to Section 215 on Interest Adjustments and New Sub-section for Section 147 Assessments.</h1> Section 215 of the Income-tax Act, 1961, is amended by the Taxation Laws (Amendment) Act, 1984. Sub-section (3) is replaced to adjust interest payable when an order under specified sections alters the amount. If interest increases, a notice of demand is issued; if reduced, excess interest is refunded. A new sub-section (6) is added, treating assessments made for the first time under section 147 as regular assessments for the purposes of sections 215, 216, 217, and 273.
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