Interest payable by assessee in case of under-estimate, etc.

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....ance tax payable by him and thereby reduced the amount payable in either of the first two instalments; or] (b) under section 213 wrongly deferred the payment of advance tax on a part of his income ; he may direct that the assessee shall pay simple interest at ^4[fifteen] per cent per annum- (i) in the case referred to in clause (a), for the period during which the payment was ....

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....uted vide Section 19 of the Finance Act, 1969 w.e.f. 01-04-1970 before it was read as,  "(a) under sub-section (1) or sub-section (2) or sub-section (3) of section 212 underestimated the advance-tax payable by him and thereby reduced the amount payable in any of the first three instalments ; or" 3. Substituted vide Section 28 of the Finance Act, 1978 w.e.f. 01-06....