18. Amendment of section 25 of the principal enactment

Official English translation. The Sinhala text prevails. Open the official Sinhala text, official PDF on documents.gov.lk

Section 25 of the principal enactment as amended by Act, No. 10 of 2007, is hereby farther amended as follows :—

(1)

in subsection (1) of that section:—

(a)

by the substitution in sub-paragraph (ii) of paragraph (b) of the proviso to paragraph (a)

of that subsection, for the words “being a ship which is owned or chartered by a company”, of the words “being a ship which is owned by a company” ; and

(b)

by the substitution in paragraph (v) of the proviso to paragraph (k) of that subsection, for all the words from “his place of employment or vice versa.”, to the end of that proviso, of the words “his place of employment or vice versa.” ;

(2)

in subsecton (2) of that section, by the substitution for the words and figure “of subsection (1)”, of the words and figure “of subsection (1)” ;

(3)

in subsection (3) of that section, by the substitution in paragraph (ii) of the further proviso to paragraph (b) of that subsection, for the words “for the replacement of such capital asset”, of the words “for the replacement of such capital asset” ; and

Act, No. 9 of 2008

(4)

in subsection (7) of that section, by the substitution in sub-paragraph (vi) of paragraph (f) of that subsection, for the words

“the proceeds of disposal of such asset, less any cost of acquisition other than lease rental paid on such assets by such person acquiring it”, of the words “the proceeds of disposal of such assets, less any cost of acquisition other than lease rental paid on such assets by such person acquiring it”.

Read on from s 19