27. Section 149 of the principal enactment is hereby amended by the insertion immediately after subsection (6) of that section of the following subsection :"
| " (7) Notwithstanding anything to the contrary in section 35. any tax deducted in accordance with section 38 in respect of a dividend distributed on or after April 1, 1991 and paid by a resident company to any person whose profits and income are exempt from income tax under paragraph (a) of section 8 shall be refunded to such person on a claim duly made by him in writing within three years of the end of the year of assessment in which such tax was deducted.". |
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Sri Lanka Consolidated Acts