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<h1>CBDT Clarifies 'or Otherwise' in Section 215(2) of Income Tax Act for Pre-Assessment Tax Payments.</h1> The Central Board of Direct Taxes (CBDT) issued Instruction No. 628 on October 19, 1973, clarifying the interpretation of the term 'or otherwise' in Section 215(2) of the Income Tax Act, 1961. This term is understood to include any form of tax payment made before the completion of a regular assessment, beyond advance tax or self-assessment tax. Such payments must be considered when calculating interest under Section 215. This instruction modifies previous guidance from Instruction No. 363 dated December 23, 1971, and should be communicated to all relevant tax officers.