12. Amendment of section 135 of the principal enactment

Official English translation. The Sinhala text prevails.

Section 135 of the principal enactment is hereby amended as follows: -

(1)

in subsection (3) of that section, by the substitution for the words “where the Assistant Commissioner”, of the words and figures “for any year of assessment commencing prior to April 1, 2023, where the

Assistant Commissioner”;

Act, No. 4 of 2023

(2)

by the insertion immediately after subsection (3) of that section, of the following new subsection: -

“(3A) Subject to subsection (4), where the

Assistant Commissioner has served a notice of an amended assessment on a tax payer under subsection (1), the Assistant Commissioner may further amend the original assessment to which the amended assessment relates, within-

(a)

the period specified in paragraph (b) of subsection (2); or

(b)

a period of one year after the Assistant

Commissioner served the notice of the amended assessment on the tax payer, whichever occurs later.”; and

(3)

in subsection (4) of that section, by the substitution for the word and figure “subsection (3)”, of the word and figures “subsection (3A)”.

Read on from s 13