12. Section 23 of the principal enactment as amended by Act, No. 16 of 1996 is hereby further amended as follows:
| (1) in subsection (1) of that section
| | (a) in paragraph (eee) of that subsection
| | | (i) by the substitution in sub-paragraph (i) of the paragraph, for the words and figures "acquired by such person on or after April 1, 1987 and arising out of its use,", of the words and figures "acquired by such person on or after April 1,1987, but prior to April 1, 1997, and arising out of its use ; " ; |
| (ii) by the insertion, immediately after sub-paragraph (i) of that paragraph, of the following sub-paragraph :
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| (iii) in the proviso to that paragraph, by the substitution, for the words and figures "sub-paragraph (i) or sub-paragraph (ii) or sub-paragraph (iii) ", of the words and figures, "sub-para graph (i) or sub-paragraph (ia) or sub-paragraph (ii) or sub-paragraph (iii) "; |
| (iv) by the addition, immediately after the proviso to that paragraph, of the following further proviso ; |
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| | (b) in paragraph (eeeee) of that subsection, by the substitution for the words, "such allowance being an amount equal to thirty-three and one-third per centum of the cost of acquisition of such computer soft ware ;", of the words and figures "such allowance being an amount equal to
| | | (i) thirty-three and one-third per centum of the cost of acquisition of such computer software, where such computer software is so acquired prior to April 1,1997, and |
| (ii) fifty per centum of the cost of acquisition of such computer software, where such computer software is so acquired on or after April 1, 1997;"; and |
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| | (c) in paragraph (o) of that subsection by the substitution for the words "in the formation of that company ;" of the words "in the formation or in the liquidation of that company;"; | | |
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| (2) in subsection (7) of that section by the substitution in subparagraph (1) of paragraph (a) of that subsection for the words and figures "paragraph (eee) of subsection (1)", of the words and figures "paragraph (eee) or paragraph (eeeee) of subsection (1)". |
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Sri Lanka Consolidated Acts