23. Section 125 of the principal enactment, as amended by Act, No. 24 of 1980, is hereby further amended by the insertion immediately after subsection (2) of that section, 6f the following new subsection:
| (2A) notwithstanding the provisions of section 96B of the Inland Revenue Act, No. 4 of 1963, where any. tax payable by any person for any year of assessment preceding the year of assessment commencing ,on April 1, 1979, is in default on or after April 1, 1981, the defaulter shall, in addition to the tax in default, pay as a penalty any sum payable as penalty in terms of subsection (6) of section 96B of the Inland Revenue Act, No.4 'Of 1963, and a further sum equivalent to twenty-five per centum of the amount in default on or after April 1, 1981. ". |
|
|
Sri Lanka Consolidated Acts