Sri Lanka Consolidated Acts Sri Lanka Consolidated ActsCertain transactions and dispositions to be disregarded
| 97. Where an Assessor is of opinion that any transaction which reduces or would have the effect of reducing the amount of tax payable by any person is artificial or fictitious or that any disposition is not in fact given effect to be may disregard any such transaction or disposition and the parties to the transaction or disposition shall be assessable accordingly In this section "disposition" includes any trust grant. covenant, agreement, or arrangement. |