59.
| (1) Where an Assessor is of the opinion transaction which reduces or would have the effect of reducing the amount of estate duty payable by any person in respect of the estate duty payable by any person is artificial or fictitious or that any disposition is not in fact given effect to he may disregard any such transition or disposition and shall assess such person accordingly. |
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| (2)In this section disposition includes any trust grant ,covenant agreement, or arrangement. |
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Sri Lanka Consolidated Acts