Interest payable by Government

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..... s 207 to 213 exceeds the amount of the 2 [assessed tax] from the 1st day of April next following the said financial year to the date of the regular assessment for the assessment year immediately following the said financial year, and where any such instalment is paid after the expiry of the financial year, during which it is payable by reason of the provisions of section 213, interest as afores .....

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..... Assessing] Officer shall serve on the assessee, a notice of demand in the prescribed form specifying the amount of the excess interest payable and requiring him to pay such amount ; and such notice of demand shall be deemed to be a notice under section 156 and the provisions of this Act shall apply accordingly.] (2) On any portion of such amount which is refunded under this Chapter, interest sh .....

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..... , an assessment is made for the first time under section 147, the assessment so made shall be regarded as a regular assessment for the purposes of this section.] ------------------- Notes :- 1. Substituted for twelve by the Taxation Laws (Amendment) Act, 1984, w.e.f. 1-10-1984. Earlier, twelve was substituted for nine by the Finance Act, 1972, w.e.f. 1-4-1972, nine .....

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