23.
| (1) The net surplus of the income of the Council in any year may, with the approval of the Minister,-
| | (a) be applied to any special purpose connected with the functions of the Council; or | | |
| | (b) be paid to a general reserve fund which may be established and maintained by the Council. | | |
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| (2) The income of the Council shall be exempt from income tax. |
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Sri Lanka Consolidated Acts