3. A person to whom this Act applies shall not be liable
| (a) to pay
| | (i) for any year of assessment ending on or before March 31, 1992, any income tax or surcharge on income tax payable, respectively, under the law for the time being applicable to the imposition of income tax or the law for the time being applicable to the imposition of surcharge on income tax, in respect of such part of the aggregate of
| | | (A) the amount of the relevant foreign currency lying to his credit on December 31, 1993, in any account referred to in section 2(1) (b) ; and |
| (B) such part of the relevant foreign currency deposited by him in any foreign currency account referred to in section 2(1) (b) as has been converted by him, on or before December 31, 1993, to Sri Lanka currency ; and |
| (C) such party of the relevant foreign currency deposited by him in any foreign currency account referred to in section 2(1) (b) as has been remitted by him outside Sri Lanka on or before December 31, 1993, with the written approval of the Controller of Exchange, as represents his profits and income; |
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| | (ii) for any year of assessment ending on or before March 31, 1992, any wealth tax or surcharge on wealth tax payable, respectively, under the law for the time being applicable to the imposition of, wealth tax or of surcharge on wealth tax, in respect of such part of his net wealth for the acquisition of which such part of his profits and income as is referred to in sub-paragraph (i), had been, utilized ; or | | |
| | (iii) for any quarter ending on or before December 31, 1991, any business turnover tax payable under the Finance Act, No. 11 of 1963 or any turnover tax payable under the Turnover Tax Act, No. 69 of 1981, in respect of such part of the turnover from which such part of his profits and income as is referred to in sub-paragraph (i) arose or was derived ; or | | |
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| (b) to a prosecution or to a penalty for any offence under
| | (i) the law for the time being applicable to the imposition of, income tax or surcharge on income tax, or wealth tax or surcharge on wealth tax, in relation to any year of assessment ending on or before March 31, 1992, in respect of, or in connection with, such part of his profits and income as is referred to in paragraph (a) (i) or such part of his net wealth as is referred to in paragraph (a) (ii) ; or | | |
| | (ii) the Finance Act, No. 11 of 1963 or the Turnover Tax Act, No. 69 of 1981, in relation to any quarter ending on or before December 31, 1991, in respect of such part of his turnover as is referred to in paragraph (a) (iii) or | | |
| | (iii) the Exchange Control Act, in respect of the whole or any part of the relevant foreign currency deposited by him in a foreign currency account referred to in section 2(1) (b), in respect of which no return has been furnished by him or e has not been disclosed in any return furnished by him under the Exchange Control Act. | | |
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Sri Lanka Consolidated Acts