https://www.taxtmi.com/acts?id=17808 The amendment adds Explanation 2 to the Income-tax Act provision, declaring that the term existing liability does not include advance tax payable under the advance tax provisions, thereby excluding advance tax from the scope of existing liability for the purposes of the provision. en-us Tue, 14 May 2013 14:51:30 +0530 Tue, 18 Nov 2025 12:01:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=17808 The amendment adds Explanation 2 to the Income-tax Act provision, declaring that the term existing liability does not include advance tax payable under the advance tax provisions, thereby excluding advance tax from the scope of existing liability for the purposes of the provision. Act-Rules F. Acts / Amendment Acts Tue, 14 May 2013 14:51:30 +0530 https://www.taxtmi.com/acts?id=17808