16. Section 115 of the principal enactment is hereby amended in subsection (5) of that section, by the repeal of the words and figures from " Subject to the provisions of section 62," to " three years from the end of that year of assessment: ", and the substitution therefor of the following:-
| " (5) Subject to the provisions of section 62, no assessment shall be made"
| | (a) of"
| | | (i) income tax or wealth tax, payable under this Act, for any year of assessment commencing before April 1, 1986, by any person, or |
| (ii) any gifts tax, payable under this Act, by any person in respect of any gift made by him in any such year of assessment but before November, 13, 1985, and included by such person in a return made by him on or before the thirtieth of November nest succeeding that year of assessment, |
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| | (b) of the income tax or wealth tax, as the case may be, payable under this Act for any year of assessment, commencing on or after April 1, 1936 by any person who has made a return of his income or wealth, as the case may be, on or before the thirtieth of November next succeeding the end of that year of assessment, | | |
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Sri Lanka Consolidated Acts