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Section 154 Order on Cash Seizure Adjustments: Explanation 2 of Section 132B Applies Prospectively; No Appeals Before June 1, 2013.

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....Validity of order passed u/s 154 - adjustment of cash seized against the advance tax denied - it has now been settled that insertion of Explanation 2 to Section 132B of the Act shall have a prospective application and so, appeals may not befiled by the Department on this issue for the cases prior to 01.06.2013 and those already filed may be withdrawn/ not pressed upon. - AT....

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Section 154 Order on Cash Seizure Adjustments: Explanation 2 of Section 132B Applies Prospectively; No Appeals Before June 1, 2013.