8. t ax referred to in section 4 from certain
Feedback & supportOfficial English translation. Where it differs from the Sinhala or Tamil text, the Act itself says which text prevails.
Any person to whom this Act applies and who is tion person deemed to have paid the tax referred to in section 4 shall deemed to not be liable—
have paid
to pay
for any year of assessment ending on or before prosecutions
March 31, 1989, any income tax or surcharge on income’ tax under the law for the time being applicable to the imposition of income fax or surcharge on income tax, in respect of such part of his relevant profits or income as is represented by the proceeds of sale of specified certificates of deposit, deposited by him in any such special account as is referred to in section 3; or
for any year of assessment ending on or before
March 31, 1989, any wealth tax or surcharge on wealth tax under the law for the time being applicable to the imposition of wealth tax or surcharge on wealth tax, in respect of such part of his net wealth for the acquisition of which such part of his relevant profits or income as is represented by the proceeds of sale of specified certificates of deposit, deposi-ted by him in any such special account as is referred to section 3, had been utilized
; or
for any quarter ending on or before March 31,
1989, any business turnover tax under the
Finance Act, No. 11 of 1963 or, any turnover tax under the Turnover Tax Act, No. 69 of 1931, in respect of such part of. the turnover from which such part of his relevant profits or income as is représented by the proceeds of sale of specified ‘certificates of deposit, de-posited by him in any such special account as is referred to in’ section 3, arose or, was derived
; or Eh
|
Specified Certificates of Deposits (Tax and other
to a prosecution or to a penalty for any offence under—
the law for the time being applicable to the imposition of income tax or surcharge on in-come tax, or wealth tax or surcharge cn wealth tax in relation to any year of assess-ment ending on or before March 31, 1989 in respect of, or in connection with such part of his relevant profits and income referred in paragraph (a) (1) of such part of his net wealth referred to in paragraph (a) (ii) ; or
the Finance Act, No. 11 of 1963 or the Turnover
Tax Act, No. 69 of 1981 in relation to any quarter ending on or before March 31, 1989, in respect of such part of.the turnover referred to in paragraph (a) (iii).
Preceding provisions-of this Act, not to be construed as autho-rising the revision of . any assess-ment pre-viously made,
§. Nothing in the preceding provisions of this Act, shall be read or construed as authorising the revision of—
any assessment made under the provisions of—
the law for the time being. relating to the im-position of income tax or surcharge on income tax or wealth tax or surcharge on wealth tax; or
the Finance Act, No. 11 of 1963, or the Turnover
Tax Act, No. 69 of 1981; or
any other matter, which has become final and conclusive under the provisions of any such law.