15. Section 84A of the principal amended as follows :
| (1) in subsection (1) of that section, by the substitution, for the words " over the income tax, in respect of such income, payable by him or it in such other country.", of the words "over the income tax, in respect of such income, payable by him or it in such other country. Where however such person or such partnership is not liable to pay income tax, in respect of such profits and income, for suck corresponding period in such other country, such person or partnership shall be entitled to relief equal to the amount of income tax payable in Sri Lanka by such, person or partnership in respect of such profits and income for such year of assessment" ; |
|
| (2)
| | (i) in paragraph (a) of subsection (2) of that section
| | | (a) by the substitution, in item (b) of sub- paragraph (ii) of that paragraph for the words, " for the use of the undertaking ; ", of the words " for the use of the undertaking; or"; |
| (b) by the addition, immediately after sub- paragraph (ii) of that paragraph, of the following sub-paragraph: "
|
|
| | (ii) in sub-paragraph (ii) of paragraph (b) of that subsection by the substitution, for the words and figures " referred to in sub-paragraph (ii) of paragraph (a) ", of the words and figures " referred to in sub-paragraph (ii), or sub-paragraph (iii) of paragraph (a) ". | | |
|
|
|
Sri Lanka Consolidated Acts