2.
| (1) This Act shall apply to any person who has in his possession, any specified certificate of deposit and"
| | (a) is detected by the Commissioner-General or any other officer of the department of Inland Revenue as having purchased such certificate of deposit from and out of moneys representing the whole or any part of his relevant profit or income ; or | | |
| | (b) has, before any investigation in relation to him has commenced by the Commissioner-General or any other officer of the department of Inland Revenue for any alleged or suspected evasion of any tax payable under the provisions of the Jaw for the time being applicable to the imposition of income tax or surcharge on income tax, or any business turnover tax payable under the Finance Act, No. 11 of 1963, or any turnover payable under the Turnover Tax Act, No 69 of 1981 in respect of profits or income" or turnover which arose or accrued to him on or before March 31 1989, voluntarily disclosed to the Commissioner-General or any officer of the department of Inland .Revenue that he has purchased such certificates of deposit from and out of moneys representing the whole or any part of his relevant profits and income. | | |
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| (2) Every person referred to in subsection (1) shall, hereinafter in this Act, be referred to as a " person to whom to this Act applies ", and every specified certificate of deposit referred to in that subsection, shall, hereinafter in this Act, be referred to as a " specified certificate of deposit to which this Act applies ". |
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Sri Lanka Consolidated Acts