7. Section 3 of the principal enactment is hereby amended by the repeal of paragraph (i) of the definition of " income tax " and the substitution therefor of the following paragraphs
| " (i) in relation to a resident company"
| | (a) for any relevant year commencing prior to April 1, 1993, means the income tax payable under paragraph (a) of subsection (1) of section 33 of the Inland Revenue Act, by that company for that relevant year ; and | | |
| | (b) for the relevant year commencing on April 1, 1993, means the income tax payable under the Inland Revenue Act, by that company for that relevant year, after deducting therefrom the aggregate of"
| | | (i) any income tax payable by that company for that year under paragraph (b) of subsection (1) of section 33, and |
| (ii) any relief granted under section 82 or section 83 and any deduction allowed under section 85A, |
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Sri Lanka Consolidated Acts