2. Section 8 of the Inland revenue Act, No. 28 of 1979, (hereinafter referred to as the "principal enactment ") is hereby amended in paragraph (a) of that section as follows:-
| (1) by the substitution, in sub-paragraph (xxiii) of that paragraph, for the words "being profits and income from the investment of any moneys of such Fund;", of the words and figures "being profits and income for any year of assessment ending on or before march 31, 1989, from the investment of any moneys of such Fund;"; |
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| (2) by the substitution, in sub-paragraph (xxiv) of that paragraph for the words " Central Bank of Sri Lanka,", of the words and figures ''Central Bank of Sri. Lanka, for any year of assessment ending on or before March 31. 1980;"; |
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| (3) by the insertion, immediately after sub-paragraph (xxiv) of that paragraph, of the following new sub-paragraph :-
| | "(xxivA) the Monetary Board, being the profits and income of the Central bank of Sri Lanka, other than such part of such profits and income for any year of assessment commencing on or after April 1, 1989, as consists of the interest or discount accruing or arising to it from any treasury bill of the Government of Sri Lanka held by it; "; | | |
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| (4) by the substitution, in sub-paragraph (xLii) of that paragraph for the words and figures "Employees Trust Fund Act, No.46 of 1980; ", of the words and figures "Employees Trust Fund Act, No. 46 of 1980, for any year of assessment ending on or before March 31, 1989;"; |
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| (5) by the substitution in sub-paragraph (Liii) of that paragraph, for the words and figures "Institute of Chemistry (Ceylon) Act, No. 15 of 1972; and "; of the words and figures, "institute of Chemistry (Ceylon) Act, No. 15 of 1972:"; |
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| (6) by the substitution in sub-paragraph (Liv) of that paragraph for the words and figures "Sri Lanka Institute of Development Administration Act, No.9 of 1982.". of the words and figures "Sri Lanka Institute of Development Administration Act, No. 9 of 1982; and " ; and |
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| (7) by the addition, immediately after sub-paragraph (Liv) of that paragraph, of the following sub-paragraph:-
| | "(Lv) the Trust Fund set up with European Economic Community funds for the benefit of the settlers in -
| | | (i) Zone 2 and 3 of System B of the Mahaweli Authority of Sri Lanka, for any period commencing on or after July 19,1985; |
| (ii) Zone 2 of System G of the Mahaweli Authority of Sri Lanka, for any period commencing on or after February 20, 1985; and |
| (iii) System G of the Mahaweli Authority of Sri Lanka, for any period commencing on or after May 26, 1986.". |
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Sri Lanka Consolidated Acts