11. Section 21E of the principal enactment is hereby Amendment of amended as follows :-
| (1) by the repeal of subsection (2) of that section , and the substitution therefor of the following subsection :"
| | "(2) The period of three years referred to in subsection (1) shall be reckoned from :"
| | | (a) the year of assessment in which the business that is acquired commences to make profits ; or |
| (b) any year of assessment not later than two years reckoned from the date on which the business that is acquired commenced commercial operations, |
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| (2) by the substitution for the definition of the term "acquires", of the following definition :" |
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Sri Lanka Consolidated Acts