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<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.