2.
| (1) Subject to the provisions of subsection (2), this Act shall apply to any person who under the law for the time being relating to the imposition of income tax was liable to pay such tax for any year of assessment commencing on or before April 1, 1977, in respect of any profits and Income arising or accruing on or before March 31, 1977, and who has not furnished a return of income under the provisions of such law for any such year of assessment or who has failed to disclose such profits or income in any return furnished by him under the provisions of such, law for any such year of assessment. |
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| (2) The provisions of this Act shall not apply to any person in relation to whom investigations have been commenced by the Commissioner-General or by any other officer of the Department of Inland Revenue for any alleged or suspected evasion of any tax payable under the provisions of the law for the time being relating to the imposition of income tax, in respect of any profits and income arising or accruing on or before March 31, 1977. |
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| (3) Every person referred to In subsection (1), not being a person to whom the provisions of subsection (2) applies shall hereafter in this Act be referred to as a " person to whom this Act applies ". |
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Sri Lanka Consolidated Acts