Interest payable by assessee when no estimate made

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.... 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 followin....

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....he 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 to interest payable under....

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.... the Taxation Laws (Amendment) Act, 1967 w.e.f. 01-10-1967 2. Substituted vide Section 29 of the Finance Act, 1978 w.e.f. 01-06-1978 before it was read as, "the Income-tax Officer finds that any such person as is referred to in sub-section (3) of section 212 has not sent the estimate referred to therein" 3. Substituted vide Section 2 of the Direct....