15.
| (1) The following heading is hereby inserted immediately after section 73 of the principal Act :- |
|
| "NN. RELIEF IN RESPECT OF CERTAIN PROFITS AND INCOME.". |
|
| (2) The following section is hereby inserted in the principal Act immediately after the heading inserted therein by sub-section (1) of this section, and shall have effect as section 73A of that Act: -
| | 73A. Where a company carries on an undertaking which is referred to in paragraph (v) or paragraph (vi) of subsection (1) of section 6 and which has been approved thereunder by the Minister prior to April 1, 1969, such company shall, in respect of its profits and income from that undertaking for the period of fifteen years immediately following the period of five years for which the profits and income of that undertaking are exempt from income tax under sub-section (2) of that section, be entitled to a deduction from the income tax payable by that company of a sum equal to fifty per centum of the specified sum. | | |
|
|
|
Sri Lanka Consolidated Acts