14. Section 29 of the principal enactment is hereby amended in paragraph (a) of subsection (2) of that section as follows : -
| (a) by the substitution, in paragraph (iii) of the proviso thereto for the words " that sum ; and", of the words " that sum ; " ; |
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| (b) by the substitution, in paragraph (iv) of the proviso thereto, for the words and figures " of section 149 ; ", of the words and figures " of section 149 ; and " ; and |
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| (c) by the addition, at the end of the proviso thereto, of the following :
| | " (v) where an annuity is payable by him for a period not exceeding six years, no deduction shall be allowed in respect of any such sum payable by him during that year by way of such annuity unless such annuity was for valuable and sufficient consideration or is for the life of the annuitant; ". | | |
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Sri Lanka Consolidated Acts