Sri Lanka Consolidated Acts

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Inland Revenue (Amendment) Act (No. 52 of 1998) - Sect 8

Amendment of section 17 of the principal enactment

8. Section 17JJ of the principal enactment inserted by Act, No. 24 of 1997, is hereby amended in subsection (2) of that Section as follows :-
(1) by the substitution for paragraph (b) of that subsection, of the following paragraph :"
"(b) is approved by the Minister, to be a company to which this section applies, by Order published in the Gazette,"
(i) on or before March 31, 1998, on an application in writing in that behalf made on or before December 31, 1997 ;
(ii) on or before March 31, 2000, on an application in writing in that behalf made after December 31,1997, but on or before December 31, 1999;";
(2) by the substitution, for paragraph (d) of that subsection, of the following paragraph :-
"(d) has invested"
(i) before December 31,1998, in the case of a company referred to in subparagraph (i) of paragraph (b) ; and
(ii) before December 31, 2000 in the case of a company referred to in subparagraph (ii) of paragraph (b),


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