Interest of like amounts under section 215 and 217(1A) of Income tax Act, 1961.

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....er section 215 as well as under section 217(1A) of Incometax Act, 1961 have been charged for the following defaults:- a) filing an under estimate under section 212(1), the advance tax paid by the assessee as per his estimate being found to be less than 75% of the assessed tax; b) not filing an estimate under section 212(3A) as the assessed tax was in excess of 33.1/3% of the tax demanded und....

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.... assessee should have anticipated a likely increased income during the current year in all cases. A lesser income as per his estimate is not unlikely. That would appear to be the reason why the failure per se, to file an estimate, where it is obligatory, attracts liability in terms of section 217 (1A), rather than where the estimate filed is wrong; although the question as to whether he ought to h....