2.
| (1) This Act shall, subject to the provisions of sub- section (2), apply to any person who under die law for the time being applicable to the imposition of income tax or surcharge on income tax was liable to pay such tax for any year of assessment ending on or before March 31, 1983, In respect of any profits or income which arose or accrued or: or before March 31, 1383, and who has not furnished a return of income under the provisions of such law for any such year of assessment or who has not disclosed 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 applicable to the imposition of income tax or surcharge on income tax, or business turnover tax under the Finance Act, No. 11 of 1963 or turnover tax under the Turnover Tax Act, No. 69 of 1981, in respect of profits or income or turnover which arose or accrued on or before March 31, 1988. |
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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 IO whom this Act applies"'. |
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Sri Lanka Consolidated Acts