13. Section 29 of the principal enactment is hereby amended as follows :
| (1) in subsection (4A) of that section by the substitution for the words and figures " section 20, or section 20A ", wherever those words and figures occur in that subsection, of the words and figures "section 20, or section 20A, or section 20B, or section 20c "; and |
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| (2) by the addition at the end of paragraph (a) of subsection (8) of that section, of the following:-
| | " (iv) no deduction shall be made in respect of any capital loss arising from the disposal of any capital asset used by such person for producing profits and income of any trade, business, profession or vocation carried on or exercised by him, if a deduction for depreciation in respect of such asset has been allowed under section 23 of this Act or under section 10 of the Inland Revenue Act, No. 4" of 1963, or under section 11 of the Income Tax Ordinance.". | | |
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Sri Lanka Consolidated Acts