Introducing the “In Favour Of” filter in Case Laws.
- ⚖️ Instantly identify judgments decided in favour of the Assessee, Revenue, or Appellant
- 🔍 Narrow down results with higher precision
Try it now in Case Laws →
TaxTMI Login
🚀 New Feature Launched ✕
Just a moment...
Introducing the “In Favour Of” filter in Case Laws.
Try it now in Case Laws →
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Acts & Rules
of of All Acts & Rules
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>Section 132B amended: Explanation 2 clarifies 'existing liability' excludes advance tax under Part C Chapter XVII, effective 1 June 2013</h1> Section 132B is amended by renumbering the existing Explanation as Explanation 1 and inserting a new Explanation 2 effective 1 June 2013, clarifying that the term 'existing liability' expressly excludes advance tax payable under the provisions of Part C of Chapter XVII, thereby confirming that advance tax obligations are not treated as existing liabilities for purposes of section 132B.
TaxTMI 
TaxTMI 
