Interest u/s 139, 215, 217 and 220(2).

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....show an alarmingly large number of cases in which interest under section 139, 215, 217 and 220(2) was not charged by the Income-tax Officers. The corresponding amounts thus under-charged also have been increasing. The following figures will illustrate the position:- The Board would like full interest to be charged in all suitable cases, where waiver or reduction of interest is not called for un....

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....ar assessment. It is only the amounts paid on the basis of an estimate filed within the due date in the prescribed form and verified in the prescribed manner which qualifies for being treated as Advance-tax. Other payments have to be ignored while computing interest chargeable under section 215. 4. Interest under section 216 & 217-Under section 216(1) and 217(1A) interest has to be charged in a....