Advance tax - payment of interest u/s 214

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....amounts so paid exceeded the tax demanded on regular assessment. The Department had allowed interest to the assessee u/s 214. It has also come to the notice of the Board that payments made after the last date of advance-tax installment have been taken into consideration for calculation of interest u/s 214. The allowance of interest in such cases is incorrect. 2. In order to qualify for payment of....

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.... which are specified u/s 211 as have not expired, or in one sum if only the last of such date has not expired. The effect of filing such an estimate is that it supplants the original demand notice of the Income-tax Officer and the assessee is required to pay tax in accordance with his estimate in place of the sum demanded of him in the Section 210 notice. In place of the sum demand made by the Inc....

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....alify for payment of interest u/s 214 Sub-section (1) of Section 207 read with sub-section (2) refers to "advance-tax" as tax which "shall be payable in advance in accordance with the provisions of Section 208 to 219". The scheme of Section 210. 211 and 212 shows that subject to the fulfillment of certain conditions, the notice of demand issued u/s 156 in respect of the advance-tax shall specify t....