Amendment of section 245D

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.... shall be omitted. (b) after sub-section (2), the following sub-sections shall be inserted, namely:- "(2A) Subject to the provisions of sub-section (2B), the assesses shall, within thirty-five days of the receipt of a copy of the order under sub-section (1), pay the additional amount of income-tax payable on the income disclosed in the application and shall furnish proof of such ....

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....2B), the assessee shall be lable to pay simple interest at fifteen per cent. per annum on the amount remaining unpaid from the date of expiry of the period of thirty-five days referred to in sub-section (2A). (2D) Where the additional amount of income-tax referred to in sub-section (2A) is not paid by the assessee within the time specified under that sub-section or extended under sub-sect....

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....der by him, then, whether or not the Settlement Commission has extended the tune for payment of such tax or has allowed payment thereof by instalments, the assessee shall be liable to pay simple interest at fifteen per cent. per annum on the amount remaining unpaid from the date of expiry of the period of thirty-five days aforesaid."; (e) after sub-section (7), the following sub-section s....