Sri Lanka Consolidated Acts Sri Lanka Consolidated ActsExemption from income tax for profits and income of certain undertakings for the milling of paddy
| 19. The profits and income within the meaning of paragraph (a) of section 3 (other than any profits and income from the sale of capital assets) of any undertaking for the milling of paddy commenced on or after November 15, 1977, and approved by the Minister, shall be exempt from income tax for the period commencing from the date of commencement of the undertaking and ending on March 31, 1983, if it was not an undertaking formed by the splitting up, reconstruction of acquisition of any business which was previously in existence. |