2. Section 71 of the Finance Act ,No 11 of 1963 (hereinafter referred to as the principal enactment") as amended by law No .16 of 1973, is hereby amended in subsection (2) of that section -
| (a) by the insertion, immediately after paragraph (a) of that subsection of the following new paragraph : -
| | "(aa) unless such application is made within ten years -
| | | (i) from the date on which such premises were sold in execution of a mortgage decree entered by a court against the original owner of such premises; or |
| (ii) from the date on which such premises were transferred by the original owner of such premises in any of the circumstances referred to in paragraph (b) or paragraph (c) of subsection (1); or |
| (iii) from the date of the expiry of the specified period referred to in paragraph (d) of subsection (l);or"; |
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| (b) by the omission of paragraph (b) of that subsection; and |
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| (c) by the substitution in paragraph (c) of that subsection for the words " sum of ten thousand rupees ; or ", of the words " a sum of twenty-five thousand rupees ; or ". |
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Sri Lanka Consolidated Acts