13. Section 29 of the principal enactment is hereby amended as follows: "
| (1) in paragraph (a) of subsection (3) of that section by the substitution, for the words and figures, " section 16A, or section 17A, ", of the words and figures " section 16A, or section 16c, or section 17 A, ''; and |
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| (2) by the insertion immediately after subsection (3) of that section, of the following subsection: "
| | " (3A) Where any undertaking referred to in paragraph (a) of section 16 and to which the provisions of section 16c apply, has incurred any loss prior to the commencement of the period of five years referred to in section 16c (1), such portion of such loss as has not been deducted from the total statutory income of the person who carries on that undertaking, for any year of assessment prior to the commencement of such period of five years, shall be deducted: to the extent it can be deducted, from the profits and income of such undertaking for any year of assessment of such period of five years of assessment and from the total statutory income of such person for such year of assessment: | | |
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Sri Lanka Consolidated Acts