2. Section 8 of the Inland Revenue Act, No. 28 of 1979, (hereinafter referred to as the principal enactment") as amended by Act No. 24 of 1980, is hereby further amended as follows :
| (1) in paragraph (a) of that section-
| | (a) by the substitution in sub-paragraph (xxxi) of that paragraph, for the words and figures Ayurveda Act, No. 31 of 1961 ; and ", of the words and figures" Ayurveda Act, No. 31 of 1961 ; "; and | | |
| | (b) by the insertion, immediately after sub-paragraph (xxxii) of that paragraph, of the following new sub-paragraphs: | | |
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| (2) by the insertion, immediately after paragraph (d) of that section, of the following new paragraph:
| | " (e) the profits and income of any undertaking for operating yachts and pleasure craft registered with the Director of Merchant Shipping if such undertaking is-
| | | (i) carried on by individuals Who are not citizens of Sri Lanka or by a company the shares of which are owned entirely by individuals who are not citizens of Sri Lanka or by non-resident companies; and |
| (ii) approved by the Minister. ". |
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Sri Lanka Consolidated Acts